In the News: 80 White is sold

 

80 WHITE IS SOLD
Crain’s reports that 80 White, the very handsome building at the corner of Cortlandt Alley, has sold for $21 million. General Hardware Manufacturing Co. sold to investor Behrooz Hedvat, according to property records. The six-story mixed-use property, which I thought had Artists Space in it, but they call their address 11 Cortlandt Alley, has not changed hands since 1985.

A TEETOTALER’S TRIBECA
The Times has a Sunday Routine feature on Tribecan Hilary Sheinbaum, who has written a couple of books on eliminating alcohol from her everyday routine. Along with running on the West Side Highway, her Sundays also include a stop at Laughing Man, tennis at Court 16 in Fidi, dinner at Max, dessert at 16 Handles. In September, she will publish “Going Dry: A Workbook.”

TWO HANDS & SHION 69 BUILDING SOLD
And in other real estate news….Crain’s also has a story on the sale of 251 Church, which includes Two Hands and the Michelin-starred omakase Shion 69 Leonard Street, led by Tokyo-trained executive chef Shion Uino. Alchemy Ventures, a real estate firm based in the Financial District, bought the L-shaped building for $12.6 million, according to a deed that appeared in the city register Friday.

PROGRESS AT 25 WATER
Yimby got some updated images on the conversion of 25 Water, the 32-story office building designed by CetraRuddy and developed by GFP Real Estate, Metro Loft Management, and Rockwood Capital. From Yimby: “The project involves the replacement of the building’s brick façade with a modern fenestration featuring more expansive windows, a gut renovation of its 1.1 million square feet of interiors, and the construction of ten new stories above its former parapet. The overhaul will yield 1,300 apartments, making it the largest office-to-residential conversion in US history by unit count, surpassing the 566-unit redevelopment of One Wall Street a few streets to the north.”

 

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