Century-Old Tribeca Building Set for Rare Residential Conversion
Century-Old Tribeca Building Set for Rare Residential Conversion
Embedded Files
July 24, 2025 | New York City
Tribeca is about to see its first significant residential conversion in years, as a historic commercial building at 139 Franklin Street is slated to become a boutique luxury condominium development. The property, which has stood for over a century, will undergo a full transformation, signaling continued demand for high-end living in Lower Manhattan.
The building’s new life comes amid limited new residential development in Tribeca, a neighborhood known for its architectural charm, cobblestone streets, and premium market appeal. This conversion project will not only preserve the historic façade but also reimagine the interiors to meet the expectations of today’s luxury buyers.
Backed by firms including TPG Angelo Gordon and Broad Street Development, the project represents growing interest in adaptive reuse within prime Manhattan submarkets. Developers are targeting affluent buyers seeking spacious, character-rich homes in established neighborhoods with limited inventory.
As the Tribeca residential market continues to draw attention from both domestic and international buyers, this rare conversion is poised to make waves. More details, including pricing and layout information, are expected to be announced in the coming months.
Page updated
Google Sites
Report abuse