In the News: New Tribeca Condos to Be Auctioned

••• “Three of the units at the five-unit building, located at 6 Cortlandt Alley in Tribeca, will be auctioned off November 10 […] Real estate veterans say the move is highly unusual for Manhattan, though luxury auctions appear to have gained more popularity in other parts of the country as a means to sell a property quickly. […] All three units are four-bedroom lofts, originally priced at up to $7.3 million. One home—a 3,646-square-foot, four-bedroom, 4½-bathroom unit—will be sold to the highest bidder at or above a minimum bid of $4.75 million, which represents a 35% discount from its original price. Two other full-floor homes will be auctioned with suggested opening bids of $4.85 million and $5 million, representing discounts of more than 30% off their original prices.” —Wall Street Journal

••• “Bank of New York Mellon has paid the City $352 million for its longtime Tribeca office building, according to city financial records. Previously, the financial institution had control of 240 Greenwich Street via a 99-year ground lease. Earlier this year it announced it would move into vacant space at the property, also known as 101 Barclay Street, bringing all of its 4,300 Lower Manhattan employees under one roof.” —Real Estate Weekly

••• “A new online data tool from a leading housing advocacy group, the Association for Neighborhood and Housing Development, indicates that Lower Manhattan is undergoing a gradual, but inexorable, transformation: Affordable housing, in the form of rent-regulated apartments, is steadily disappearing from the local landscape.” —Broadsheet

••• “Community Board 1 is pushing the City’s Department of Education to lease more space within the historic Financial District skyscraper that houses Millennium High School.” —Broadsheet

••• Model Martha Hunt has moved to Tribeca: “My perfect day in New York would be walking dogs, going to Gotan for lunch, fit in a workout at Xtend Barre, and then it would be fun to go to a gallery. For dinner, I’d head to the new Nobu or Terra for a good Italian meal.” —Gotham

••• Trinity Real Estate has put 2 Hudson Square on the market: “The deal being offered would allow an investor to lease the parcel long-term, likely for 99 years, and develop a residential rental property there, potentially with mixed-use space as well. The nearly 33,000-square-foot lot can accommodate about 300,000 square feet of residential space as a result of a rezoning of the neighborhood in 2013 that was initiated by Trinity. Any development on the site would likely include additional commercial space, including retail on the ground floor and perhaps an office component.” That’s the vacant lot where Gitano is now. —Crain’s

••• “The Financial District’s new fast-casual pasta shop gets straight to the point by calling itself the Pastagram: These bowls of colorful pasta are meant to be posted as much as they’re meant to be eaten. The restaurant, located at 241 Pearl St., near John Street, comes from the creators of Sola Pasta Bar.” Who am I to judge?Eater