Avison Young offers unique trophy redevelopment opportunity in heart of TriBeCa
March 10, 2023
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.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community. Avison Young is a 2022 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 11 consecutive years.