In June 2012, HFZ Capital and New Valley Realty acquired 11 Beach Street to redevelop the existing office building into for sale residential condominiums. The site was originally built as two separate buildings in 1900 and 1914, in an “L” shaped design with frontage on Varick Street, Beach Street and St. John’s Lane in the Manhattan neighborhood of TriBeCa.
The development is a pre-war loft building thoroughly reimagined by Thomas Juul-Hansen and BKSK Architects. Following the conversion, the Property will consist of 27 condominium units, including three triplex units with private lap pools on the lower level and two duplex penthouses with private terraces. The building features oversized windows, flowing entertainment spaces and unexpected surprises including outdoor living rooms in select residences. Plans for the asset also include the creation of an interior courtyard space to maximize light and air to the units. The Property’s amenity spaces will consist of a fitness room, children’s recreation area, bike storage and storage units available for purchase. The building will provide full-service staffing with a concierge desk, cold food storage and a delivery room. These loft homes feature sophisticated modern luxury, all positioned on one of the best blocks where Tribeca meets SoHo.
Gross Buildable Area (SF): 125,000
Executive Architect: BKSK Architects
Design Architect: Thomas Juul-Hansen
Total Condominium Units: 27
Unit Mix: 10 three-bedroom units (averaging 2,966 nsf), 9 four-bedroom units (averaging 3,935 nsf), 8 five-bedroom units (averaging 4,027 nsf)