Portfolio

Tribeca Green

New York, New York


Market: New York City

Type: Multifamily

Role: Development Partner

Status: Development completed in 2005

Residential tower in lower Manhattan built on one of the last developable parcels within the Battery Park City master-planned community.

Property Size

  • 274 rental apartments
  • 4,900 square feet of retail space

Local Population Density

  • 28,500 people/square mile

Highlights

  • Invested in the development project through a venture with the property’s developer, Related Companies.
  • Twenty-four story high-rise with ground-floor retail space and an underground parking garage for residents located one block east of the Hudson River and two blocks north of the 9/11 memorial.
  • Site is subject to a long-term ground lease from the Hugh L. Carey Battery Park City Authority.
  • Construction financed primarily through proceeds from the sale of tax-exempt Liberty bonds issued by the New York State Housing Finance Authority; 5% of the apartments are designated for residents meeting certain moderate-income requirements.

Sustainability

  • Certified as a LEED-Gold building under the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system.
  • Noteworthy eco-friendly, “green-building” design that features a photovoltaic electrical system powered by rooftop solar panels, a blackwater-treatment system, high-efficiency appliances and other environmentally sensitive measures.

Related Websites

 

Walk Score:  98     |    Transit Score:  100     |     Bike Score:  83