••• “The 21-story luxury residential rental at 88 Leonard St. [at Broadway] is being offered through the Cushman & Wakefield capital markets group and is expected to fetch over $200 million. The 352-unit Tribeca project was developed by Africa-Israel USA in 2007 along with then-partner Shaya Boymelgreen on the site of an Edison parking lot. The Edison’s Gottesman family still runs a 249-space garage under the building, whose amenities include a whirlpool tub, party room, concierge, gardens and roof decks that will be sprouting greenery—once, or if, the snow melts. […] A 421a tax abatement keeps taxes down, Liberty Bond financing keeps financing low, and 5 percent of the units are set aside for moderate-income housing, with the rest filled at market. Helen Hwang, Nat Rockett, Karen Wiedenmann and Steven Kohn of Cushman & Wakefield are now starting to market the building, which has 11,365 square feet of retail space. The pharmacy Prime Essentials is the anchor tenant, and some of the retail is vacant. Other upside will come as current promotional leases roll over.” Italics mine. (New York Post)

••• “Jimmy Bradley, the chef and an owner of the Red Cat and the Harrison, two restaurants in Manhattan, said he is recovering from oral cancer, and will not be moving forward with plans to open J & S Food Hall in the Nolitan Hotel. ‘It’s a bad break,’ he said in a telephone interview on Tuesday morning, his voice only slightly thicker than its usual laconic drawl. ‘But long-term the prognosis is pretty good. I just think at this point the best thing for me is to concentrate on my health and on the livelihood of the 100 people I already have working for me, not on hiring 50 people for a new business.'” Be well, Jimmy. (New York Times)

••• “A venture between a New York real-estate investor and a Seattle property developer has reached a tentative deal to buy the former downtown Verizon tower, long scorned as one of the city’s biggest architectural eyesores. The current owner, M&T Bank, has agreed to sell the property at 375 Pearl St. to a partnership of YoungWoo & Associates of Manhattan and Sabey Corp. for more than $100 million, people familiar with the deal said. That price is considered cheap for a 32-story skyscraper covering with more than 700,000 square feet of space, but the property has a number of unusual drawbacks that limited the scope of buyer interest. Renovations to the building are also viewed as costly, running to hundreds of millions of dollars to convert it to modern residential or office use by installing a new core, including a new electrical system and elevators. But for a telecom company, the building offers some unique appeal, should Sabey decide to develop the property into one of its data centers. The structure’s sturdy floors, high ceilings and electrical capacity are attractive to a potential tenant that needs space for large equipment.” (Wall Street Journal)

••• Sweet Lily made Time Out New York‘s list of best places to get your nails done.

••• “Tribeca has more restaurants per resident than any other neighborhood in the country, a new survey found. The 10013 zip code, which covers Tribeca and southern Soho, has .018 restaurants for every person who lives there, according to Pinpoint Demographics, a research firm in Maine.” (DNAinfo)