Big lease for the Big East
April 15, 2014

Woody Heller

Another of the gorgeous Battery Park City rental buildings is being offered for sale, and, with a condo conversion in mind, could fetch more than $300 million.

Designed by Robert A.M. Stern and developed by the Related Companies, the 396-luxury rental Tribeca Park at 400 Chambers St. and River Terrace is directly on the Hudson River in the northern Battery Park City neighborhood.

The 325,365-square-foot dark red building has 1,786 square feet of retail and a 123-car garage in its 27 stories...

As we previously reported, the 42-story towering Tribeca Pointe, an 80/20 rental with 340 apartments in 285,000 square feet, is being sold by Rockrose through Studley. “The bid date is next Wednesday; interest has been strong and I’ve been touring my heart out,” said Woody Heller Studley’s Capital Markets chief. Here, too, only the 80 percent may be converted.

Big lease for the Big East

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