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Robert Ripps book
History of Tribeca Buildings
80 West Broadway has been sold
The brick building at 80 West Broadway on the northwest corner of Warren, including the empty lot next to it, has been sold to a real estate company called Astral Weeks out of Great Neck, Long Island, for about $27 million.
It’s worth a click on the link here to see the rendering of what the real estate investment firm JLL imagined could be up to 56,000 square feet of condos, IF the condo building that wraps around 80 West Broadway, which is 72 Warren and 88 West Broadway together, in an L shape, is also included. They tuck 72 Warren into the west side of the building, filling in the lot just east of it on Warren.
If I am reading the city records correctly, the buildings were sold as a cluster — 80 West Broadway, the empty lot on Warren, and the L-shaped 72 Warren, aka lots 1, 3 and 7 — in 2021 for $37 million to 6R Tribeca Owner, which has its offices at 72 Warren. But 72 Warren is a condo with tenants, including some that are protected by the Loft Law on the West Broadway side, so I assume there are negotiations going on there…
The corner building and the empty lot add up to one 50 x 100-foot lot with an FAR of 7.52, which, with some air rights from the smaller buildings, allows them 56,164 buildable square feet. The real estate firm that marketed the sale drew it as a 12-story building; without doing FAR calculations, which is above my pay grade, my guess is it ends up being close to the size of the Warren Street Hotel down the block.
It added this, though that was not reflected in the deed online: “Ownership at 80 West Broadway controls the properties immediately bordering the Site (72 Warren & 88 W Broadway) as well as 74 Warren and has transferred the excess air rights from these properties to 80 West Broadway to maximize the development potential,” the plan says, “an ideal size for a luxury boutique condo project.”
Astral Weeks, according to its website, is a “privately held real estate development and management company founded in 2001, focusing on uniquely positioned assets and dynamic neighborhoods…which develops and invests in residential, commercial, hospitality, student housing and mixed use projects. As owner, operator and manager of its properties, the company’s approach to development is distinguished by strategic purpose and professional execution.”
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Lived in 84 West Broadway for 9 years, in one of 8 very simple and basic warehouse apartments 50/50 mixed between rent regulated and market rent. Lovely building with lovely people living in it, several for well over 30-40 years. The original owner of the building and his son were fair landlords. After I left the next generation children took over, fell out, wanted more and sold it to some not so fair new owners/landlords/developers. The new owners pushed all the tenants out – using pressure tactics on the long term rent regulated tenants. Very glad to see it has not been a good investment for them, Very sad that is being redeveloped when it is a perfectly proportioned, traditional brick building, could of had a basic renovation and left the existing long term happy tenants in place and well alone. It’s a great building best left alone.
This is grotesque!
Why has a perfect building to be destroyed?
As a former Tribeca resident, I am very sad to hear about plans to demolish this lovely brick building. Doesn’t Tribeca grant historical status to buildings like this? Is there a preservation society? These buildings gave Tribeca its identity. Much has already been lost. In my new home of Los Angeles this happens far too often. Amazing buildings and homes are grazed by developers and property owners. Historical homes are leveled just to put in a pool. I don’t recognize my Hollywood neighborhood anymore. Developers will always win unless a building is protected. I loved living in Tribeca and although I don’t want to live in the past, I also don’t want to see its character wiped away in a maze of unremarkable structures that add zero to its character.
There are three historic districts in Tribeca. This is not part of them.
5 actually. Tribeca West; Tribeca North; Tribeca East; Tribeca South; and Tribeca South Extension