As GlobeSt.com previously reported, Sleepy Hudson received a $28.3-million senior bridge loan from Canyon Capital Realty Advisors, which was used to acquire the two adjacent parcels of land totaling 7,500 sf in Tribeca that the building will sit on.
Project occupancy is scheduled for late 2009. Five Franklin Place will be the developer's second Manhattan project. The team's first project was High Line 519, a luxury condo project at 519 West 23 St. in Chelsea. Although a source close to the developer tells GlobeSt.com that the developers have a policy of not releasing the construction of budget costs, they did say that the project is on time and on budget.
 Five Franklin Place |
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
