Construction to restart at 56 Leonard

Construction is slated to recommence next week at 56 Leonard Street, the 830-foot Herzog & de Meuron–designed condo that stalled amid the financial crisis, the Tribeca Trib reported. The building’s foundations have been completed for three years.

Pricing has not yet been released for the 57-story building, which will be finished by 2016. Back in 2008, before the crisis hit, the developer Alexico Group was selling units for between $3.5 million and $35 million. The building is being marketed by Corcoran Sunshine.

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“It’s a very complicated structure,” said Tony DelGreco, the manager of the project, noting that the first 10 floors of the project will be erected at a slow pace due to the nature of the large cantilevered apartments. [Tribeca Trib] — Katherine Clarke

Construction to restart at 56 Leonard

Construction is slated to recommence next week at 56 Leonard Street, the 830-foot Herzog & de Meuron–designed condo that stalled amid the financial crisis, the Tribeca Trib reported. The building’s foundations have been completed for three years.

Pricing has not yet been released for the 57-story building, which will be finished by 2016. Back in 2008, before the crisis hit, the developer Alexico Group was selling units for between $3.5 million and $35 million. The building is being marketed by Corcoran Sunshine.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

“It’s a very complicated structure,” said Tony DelGreco, the manager of the project, noting that the first 10 floors of the project will be erected at a slow pace due to the nature of the large cantilevered apartments. [Tribeca Trib] — Katherine Clarke