HAP Investments has broken ground for 65 Franklin Street, a new luxury residential and retail development in Tribeca.
The 19-story, 110,000 s/f building will feature 41 condominium residences, along with a retail component on Broadway. The project is scheduled to be completed in 2022.
“65 Franklin Street is surrounded by boutique shops, restaurants, art galleries, and nightlife, making it a highly coveted location in the heart of downtown Manhattan,” said Eran Polack, CEO-NY & Co-Founder of HAP Investments. “Despite the near-term impact from COVID-19, we are confident Tribeca will recover and become more desirable than ever.”
CetraRuddy is the architect of record for the development. Noble Construction serves as the general contractor. A construction loan was provided by G4 Capital Partners, and a mezzanine loan by Quinlan Development Group.