Excavation is progressing at 65 Franklin Street, the site of a 19-story residential building in Tribeca. Designed by CetraRuddy Architecture, the 210-foot-tall structure will yield 41 homes and ground-floor retail space. The project is being developed by HAP Investment Developers, which secured $94 million in construction financing from G4 Capital Partners in the spring of 2019. The site is located at the corner of Broadway and Franklin Streets, and was formerly occupied by several low-rise structures. Noble Construction Group is the general contractor for the property.
Photographs show piling machines and excavators working across the site.
The rendering seen on site shows an updated design from our last update on the project in July 2018. The new version features a modern take on the area’s cast iron architecture, with floor-to-ceiling windows framed by a grid of sculpted metal panels. It looks like the southern corner will feature pocketed outdoor terraces from the eighth through the 12th floors. These spaces are lined with the same black metal railings found on the numerous other terraces on the setbacks scattered about the upper half of the building. These higher spaces come in various sizes and help form the asymmetrical building massing. The structure is topped with what appears to be an extended mechanical unit clad with dark square grilles.
65 Franklin Street will contain no more than four residences per level above the ground floor, and the upper stories are slated to yield duplexes and several full-floor condominiums. Most of these units are expected to range from 1,000 and 2,000 square feet, while the largest will span 3,500 square feet. Amenities include a swimming pool, a fitness center, a yoga studio, and below-grade bicycle and residential storage.
65 Franklin Street’s completion date was posted on the construction board for winter 2022.