Search
 

Tribeca Retail Condo Sells for $14M

NEW YORK CITY-A retail condo in Tribeca sells for $13.75 million. The seller chose to capitalize on the impact that a number of mixed-use projects that are under construction will bring to the area.

By Barbara Jarvie | Updated on December 16, 2005

(For more retail coverage, click GlobeSt.com/RETAIL.)

NEW YORK CITY-Wiana Realty Corp. has acquired a retail condominium consisting of ground floor and cellar space at Tribeca’s twin-towered Greenwich Court at 275 and 295 Greenwich St. The sale price was $13.75 million.

The condo consists of 18,000 sf of ground floor retail and 7,000 sf of cellar space within the two towers. After holding the property for 18 years, the sellers wanted to capitalize on the impact two under-construction mixed-use projects will have on the Tribeca retail market. Edward Minskoff is developing a 1.1-million-sfproject at 270 Greenwich Street which includes 170,000 sf of retail space and will house Barnes & Noble and Whole Foods Market. Jack Resnick & Sons is developing a residential condo at 200 Chambers St. The 30-story mixed-used project includes 258 residential condominiums, 14,000 sf of retail, parking and a 27,600-sf community facility. It is expected to be completed in late 2006.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.