From the wide-plank oak floors to the sleek contemporary kitchen and exposed brick walls, this two-bedroom loft in a former textile merchant’s building at 40 Walker Street looks like it could be the perfect bachelor pad, as long as the smooth operator in residence is willing to fork over $9,995 a month for the Tribeca condo.
Photo of Michael Cohen via Wikimedia
As they say, never underestimate desperate people. In May, Michael Cohen, the disgraced former personal lawyer of Donald Trump who is now under federal investigation, put his $9 million Trump Park Avenue apartment on the market as collateral against a bank loan. So it was a bit surprising when he turned around dropped nearly $7 million on a condo in Tribeca’s flashy new condo tower 111 Murray Street. But it makes a bit more sense now, as The Real Deal learned that Cohen has listed the 19th-floor apartment as a $25,000/month rental. He made the purchase as an “investment” after allegedly facing pressure to defer the taxes on the $3.3 million sale last year of his Trump World Tower apartment; by closing on a new unit, he was able to take part in the 1031 exchange that allows investors to roll proceeds from one transaction over to another.
Photo via Chris Goldberg/Flickr
For followers of Manhattan real estate it would be hard to miss the bumper crop of innovative, eye-catching and pricey new developments rising what seems like daily in Tribeca; but big numbers for new towers may come as a surprise when they’re attached to old-school Yorkville on the Upper East Side. In the city that never fails to surprise, recent research from CityRealty shows that Tribeca and Yorkville are the top neighborhoods for new development condo sales so far this year. There are, of course reasons for the unlikely pairing at the top.
6sqft’s series “Where I Work” takes us into the studios, offices, and businesses of New Yorkers across the city. In this installment, we’re touring the showroom-apartment of Tribeca’s Vipp, a third-generation Danish company. Want to see your business featured here? Get in touch!
Nearly 80 years ago in Denmark, Holger Nielsen designed a trash can with a pedal for his wife Marie’s hair salon. Despite having no intention of selling it, demand grew for Nielsen’s sleek, and hygienic, trash bin and it became a fixture in Danish clinics, and later home use, over the next several decades. Nielsen called the bin “Vipp,” Danish for tilt, which describes the lid’s movement. In 2009, the design was accepted into the permanent design collection at MoMA.
Today, Vipp is a third generation family-owned company run by Nielsen’s daughter, Jette Egelund, and her two children Kasper and Sofie. In addition to its classic bin, Vipp now offers a wide range of lifestyle products, from entire kitchens and bathrooms to tableware and lighting. Based in Copenhagen, Vipp came to the United States four years ago and opened a showroom in Tribeca. Sofie Christensen Egelund, along with her husband and business partner Frank Christensen, turned the showroom into their actual apartment, outfitted with Vipp products. The designer-couple gave 6sqft a tour of their live-work space and Sofie talked to us about the company’s design DNA, the move from Denmark to Manhattan and what it’s like to work together as a married couple.
Photo of Michael Cohen via Wikimedia
As Michael Cohen put his $9 million Trump Park Avenue apartment as collateral against a bank loan this spring, the former personal lawyer of President Donald Trump was signing a deal for a $6.7 million pad in Tribeca. The Wall Street Journal reported on Thursday that Cohen, who is under federal investigation, bought a 19th-floor apartment in April at 111 Murray Street, a 792-foot-high condo tower designed by Kohn Pedersen Fox.
We can imagine errant children in this worth-every-bit-of-$9.995 million Tribeca duplex penthouse being sent, for punishment, to the room without a terrace. The listing for 41 Warren Street in Tribeca calls it “Parisian perfection” in reference to the authentic Parisian wrought-iron balconies that wrap the apartment’s many terraces; a hat tip to the Scandinavian countries is in order for the wood-paneled sauna. And 3,000 square-feet of chic, subtly luxurious interiors would be worthy of envy under any flag.
Via Silverstein Properties
Right on schedule for a June opening, developer Silverstein Properties took the lead in celebrating on Monday the highly anticipated opening of 3 World Trade Center with a ribbon-cutting ceremony. Led by CEO Larry Silverstein, the morning celebration at 3 World Trade Center at 175 Greenwich Street marked the official completion of four of the five buildings in the new World Trade Center complex. With nearly 40 percent of the building leased on opening day, the 80-floor tower designed by Rogers Stirk Harbour + Partners rises to 1,079 feet.
“Starting with 7 WTC and the rest of the towers that followed, we sought to create modern, environmentally-conscious and technologically-advanced offices,” Larry Silverstein, the chairman of Silverstein Properties, said in a statement. “Places that foster creativity where young people would want to work and collaborate. That meant great architecture and sustainable design, but also improved transportation, a more vibrant streetscape, new shops and restaurants, great public spaces, and exciting and fun public space art.”
Vault lights in Soho, via WooJin Chung for 6sqft
“Viva Vault Lights!” wrote the Historic Districts Council in response to the Landmarks Preservation Commission’s decision to backpedal on its rules amendments, which called for “more oversight by LPC staff but less time for public review” in proposals for alterations to historic buildings. HDC’s celebratory sentiment is in response to one of the now-moot stipulations that Soho and Tribeca’s vault lights–historic, industrial-era sidewalks made from small circular glass bulbs–could be removed by building owners and replaced with modern sidewalks.
This beautifully-designed penthouse loft at 50 Walker Street in Tribeca has a few secrets hidden within its classic loft proportions. The most impressive of the $3.35 million co-op’s features is a massive 1,500-square-foot landscaped roof terrace accessed through a window-wrapped solarium, all with jaw-dropping lower Manhattan views.
Rendering via OLIN
The Hudson River Park Trust and landscape architects OLIN have released a fresh set of renderings of the Pier 26 transformation, a project aimed at turning the Tribeca pier into an ecological park. As Curbed NY learned, a portion of the pier will have a wooden deck, with the western end rising up to 15 feet high in order to look at the wetlands. The pier’s eastern side will include a large lawn and an indigenous tree-filled forest. The revamp of Pier 26, projected to cost over $30 million, is scheduled to wrap up in the fall of 2020.