A construction fence has gone up around 80-86 West Broadway, the five-story 19th Century brick building on the northwest corner with Warren. Plans were filed with the Department of Buildings in May. With its demolition will go some neighborhood history as well, including the vestigial remains of College Street.
(I will check in with Ahmed today.)
The demolition will goes from the corner of Warren west to the parking lot and north to 88 West Broadway, which is the L-shaped building that is also 72 Warren. Permits were filed there in May for work on the elevator and power feeder. (I do think those buildings have the same owner, however. )
The brick building including the empty lot next to it on Warren was sold in January to a NYC 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.”
I’m going to take a guess that the demolition will be over in a week – lovely old brick structures that have sat there for over 100 years gone in a blink. And then they’ll putter about making a lot of noise for a few months…and then slide into bankruptcy and litigation and then we’ll be staring at an empty lot for the next decade. Same deal right across the street at the end of my block. Oh, and tearing down this gorgeous building will, of course, disrupt the stability of neighboring structures, which will then have to be destroyed as well. Another irreplaceable block of gorgeous old Tribeca gone…a hole in ground to replace it. Bravo, NYC City government.
What a shame that when Hal Bromm spearheaded the making of the Tribeca historic district he was restrained from making it a “blanket” district and had to go pretty much building by building. Even if the proposed structure gets built it will doubtless be some un-contextual horror like the one on the south west corner of Chambers and Church. But Will M, above, is doubtless, alas spot on.
Farewell College Place….
This is should be illegal. Another historic building gone to be replaced by yet another soulless eyesore. With numerous vacant lots and abandoned construction projects already scattered throughout the neighborhood, this feels like a completely unnecessary loss. Our charming neighborhood is being swallowed by modern monstrosities, cramming in dozens of apartments and stripping away the character that makes it special. When does it end?