In the News: Tribeca Penthouse Sells at Deep Discount

••• The penthouse at 11 N. Moore sold for $20 million—half what the initial asking price was, although I’ve started to assume developers like to float out ridiculous prices for penthouses to get press and lend the entire project an aura of luxury. “The buyer’s identity is masked behind an LLC. However, mortgage documents point to Ryan Boland, CEO of the Daddario Family Office. D’Addario & Company is the world’s largest manufacturer of musical instrument accessories and strings—mainly for guitars, but for other instruments, too.” —New York Post

••• “Midtown Equities plans to take a roughly 30% equity stake in the Battery Maritime Building’s unfinished conversion to a hotel, city documents show. The proposed cash infusion is expected to put construction back on track in the fall and could result in the completion of the beleaguered project some time in 2020—more than a decade after it was first approved.” Emphasis on could. —Crain’s

••• “Raoul’s in Soho is less riotous now than during the restaurant’s ’70s and ’80s heyday. But its charm remains much the same.” —New York Times

••• Daytonian in Manhattan on 190 Duane, where L’Angolo restaurant is: “Looking more like a fine hotel, this 1867 Tribeca match factory has handsome cast iron lintels and a striking storefront.”

••• Inside the Color Factory pop-up “exhibition” in Hudson Square, which costs $38 (!). —Curbed


1 Comment

  1. $38 is peanuts when you have kids risking their lives for the ‘gram!