79-unit residential project planned for Tribeca site with unloved tower

A developer is betting that people will pay top dollar for up-close views of one of the city’s most unloved sites: AT&T’s Long Lines Building in Tribeca, a windowless, 29-story hulk from the 1970s that routinely makes lists of New Yorkers’ least-favorite buildings.The plan, which was put forth by AT&T on behalf of an unnamed firm, calls for constructing a residential tower with 79 market-rate units in a small park that’s next to the Long Lines Building, according to a document filed Friday with the Department of City Planning. The park, which is owned by AT&T, extends between Worth and Thomas streets just west of Broadway. No changes, cosmetic or otherwise, are planned for the Long Lines Building, the filing says.Because the 112,000-square-foot development would eliminate public space—the park would shrink from 19,500 square feet to 9,500 square feet—and also represent a different kind of use for the property, the plan requires city approvals.By trying to line up all the necessary approvals before delivering the site, AT&T is following a familiar playbook when it comes to sellers of real estate for developments.The documents do not name the developer, though it’s possible more than one is being considered; it’s also unclear if the project would be a condo or rental. An email sent to AT&T’s media office was not returned by press time. And Jon Popin, the attorney handling the process for AT&T, had no comment.But the 210-page filing includes several... Continue reading at 'Crains New York'

[ Crains New York | 2024-03-04 18:30:46 UTC ]
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