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Robert Ripps book
History of Tribeca Buildings
Plans are filed for 65 Franklin construction
Plans have been filed for 65 Franklin, the long dormant pit on the southeast corner with Broadway. Crain’s kept an eye on it, and I checked the records: plans filed on July 8 call for a 222-foot, 20-story mixed-use building.
There *is* something curious: J. and I both noticed that 59 Franklin, the six-story brick building east of the corner that was demolished in 2023, now seems to be part of the 65 Franklin development; when you search the 59 Franklin address on the DOB site, it pops up as 65 Franklin. (For years, 59 Franklin and 358 Broadway were part of a different plan for an L-shaped building wrapping around the corner site.) Perhaps they are now combined? But the city’s property records do not reflect a shared owner or a recent sale of 59…
As for 358 Broadway, the tenants there were bought out individually in 2019, and then in April 2025 there was a transfer of real estate taxes to another party.
(I annotated a map to help myself think about it: red is 65 Franklin; blue is 59 Franklin and 358 Broadway.)
Just to recap: The site was originally scheduled to be a 19-story, 41-unit residential tower called the Rebel (yes) developed by HAP Investment Developers; they bought the site in 2018 for $46 million. Construction on the 210-foot building started in 2019, and the original schedule had them finishing in 2022; that never happened.
It was sold in February, according to the Commercial Observer, to the Rabsky Group for $58 million. (The city’s finance site also shows three mortgages from late January, totaling 1.8 billion.) The owner listed on the permits now is Sky Equity Group, owned by Moshe Neiman.
For years, neighbors and even passers-by were tortured by the construction site, which, even stalled, had eliminated the sidewalks and forced trucks to drive up on the opposite sidewsalk when driving by. Neighbors were able to needle the city enough to get the sidewalks restored for a bit — this new developer no doubt will take them over again.
59 Franklin before it was demolished in July 2023.
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This was just posted on YIMBY on 59 Franklin, looks like a different project with different owners.
https://www.newyorkyimby.com/2025/07/permits-filed-for-59-franklin-street-in-tribeca-manhattan.html
That is the same owners etc I saw on the DOB’s site for 65 Franklin.
The owner of 358 sold his property to Rabsky. The two lots are merged and they also bought more air rights. So this building will fill both lots (where all three buildings stood).
As an empty nester, I am out of the loop on the local public schools. I am, nevertheless, curious. Is over-crowding still a problem?
Post-pandemic, most schools in the neighborhood were under-enrolled. I have not checked the numbers lately — but will!
It will be interesting to see how the new developer works around the concrete pilings which were sunk along the entire border of 65 Franklin (red outline in the map above). It will certainly limit the uses for sub-basements in the combined lot.
Regardless, glad to see this sad site will see new life, although the 20-story height will be a shame for some of the lower buildings that surround it. Such is life in NYC though
Is there a link to the plans? The Crain’s article is behind the paywall.
There are no plans.