Tribeca’s Next Huge Redevelopment

WBroadway between Warren and MurrayBack in February, when it was rumored that a 60-story hotel was going up on the west side of W. Broadway between Warren and Murray (something the owner of that parking lot denied), I looked across W. Broadway and thought that the buildings on the east side seemed “even more ripe (or at risk, depending on your point of view).”

Crain’s reports today that the block is for sale (the addresses aren’t mentioned, but it has to be the east side):

A collection of six buildings, making up the entire blockfront on West Broadway between Warren and Murray streets in TriBeCa, is being offered for sale. The property could fetch $50 million or more, according to Bob Knakal, chairman of the brokerage firm Massey Knakal Realty Services, which is marketing the portfolio. Five of the buildings have market-rate residential rental apartments, allowing them to be cleared and redeveloped into a brand-new property, with retail space on the ground floor. About 46,000 square feet can be built in their place, according to Mr. Knakal. A sixth building in the group has rent-stabilized tenants, and hence can’t be emptied, but is located on Warren Street at the periphery of the development site.

Meanwhile, the city looks the other way even though it’s clearly time for Tribeca’s historic districts to be expanded before there’s nothing left.

Tribeca Historic Districts Noa and Proposed

 
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10 Comments

  1. Thank you, once again, for drawing attention to the need for the expansion of Tribeca’s Historic Districts. The pace of new development, particularly high rise towers, seems to be accelerating alarmingly. It IS time to protect the character of the neighborhood we love so much. Tribeca Trust is working hard to get the city on-side but it needs all the support it can get.

  2. Those buildings are hideous though so no one is crying about the loss.

    • I disagree about their hideousness, although they certainly haven’t been maintained well; also, they’re the style of building we have fewer and fewer of. Finally, they might be far less hideous than what replaces them….

      • And even more than what they look like, what we’ll lose is the light and air that is typical of the historical West Broadway corridor.

        • I live across the street from those buildings, and don’t see them as blight. I much prefer their small business tenants (Saleya, Mangez Avec Moi, Korin if it’s technically part of what’s on sale) to a noisy, dirty construction site and the big-chain tenants, like Starbucks, that will likely follow. All the construction in Tribeca is greatly diminishing the quality of life here in multiple ways!

          • agreed. they are some of the most interesting businesses in the area. i don’t know how much more of this gentrification i can take.

    • Andrea,

      Hideous now for you perhaps but wait till you see the beauty that will replace them.

      Would be amusing also to compare the broad and ever expanding “developer” definition of Tribeca to the Landmarks department’s overly focused and rather narrow definition of Tribeca

      This area is slowly dying as most everything of history and character that had attracted its original residents is now being razed and replaced with a sad facsimile of the upper West side.

      All we are missing on the West coast now is the “magical” (sic) appearance of Donald Trump!

  3. Good bye TriBeCa, hello midtown. As soon as every hole on the street is filled in with a 50 story building and there is no more light left, the developers will go away.

  4. the other day i was walking down church street towards murray street and all of a sudden the whole east side block of church between chambers and warren all of those businesses where closed up and gone. i didnt really even patronize those places so much but when i passed my heart sank as those were all small businesses that were functioning for the working community as well as residents, after wending my way through another noisy and constant construction site (i mean we basically live in a construction site in tribeca now) i went home, but not without thinking about what this neighborhood will look like in about 5 years. its just depressing to live with the ever present sights and sounds of construction wherever i go.

  5. mariachi’s which has gone by several names over the years has been run by the same family of mexican immigrants for at least the 30 years that i’ve lived here. it was originally a tiny counter only joint called the little place. they consistently serve the best modestly priced meals in tribeca. for about $15, you can have a lunch fit for a king. i sure hope they are able to stay open in the neighborhood.