Avison Young offers unique trophy redevelopment opportunity in heart of TriBeCa

Adaptive reuse property is ideally located at 56 North Moore Street, prestigious location for high-end corporate or residential end users

New York, NY – Avison Young has been exclusively retained to bring a trophy redevelopment property at 56 North Moore Street, in the heart of New York City’s esteemed TriBeCa neighborhood, to market. The 8,850-square-foot (sf) mid-block lot features 100 feet of frontage on North Moore Street between Hudson and Greenwich Streets and includes a vacant, five floor plus basement former parking garage building – offering 48,702 existing gross square feet.

The owners are represented by Charles Kingsley, Principal; James Nelson, Principal and Head of Tri-State Investment Sales; Erik Edeen, Principal and Director of Tri-State Investment Sales; and Noah Kossoff, Associate Director, all based in Avison Young’s New York City office. Ryan Serhant and Bernadette Brennan of SERHANT are also exploring the market for interest in a possible luxury residential conversion of the building.

“Executives and industry leaders choose TriBeCa time and again because of its unmatched, vibrant streetscape as a live, work, and play neighborhood,” said Kingsley. “This is a unique adaptive reuse opportunity to transform this 100-year-old building into an appealing, high-end space for a variety of end users.”

The property has secured New York City Landmarks Preservation Commission approval for a 2-story enlargement and redevelopment of the existing structure into a 75,428-sf boutique office building with more than 3,000-sf of outdoor spaces that offer views of the neighborhood and the Hudson River.

“This property is one of the last true redevelopment opportunities in the thriving TriBeCa office market – a rare prospect for any developer,” said Edeen.