# NEW YORK | 65 Franklin Street | 294 FT | 24 FLOORS **URL:** \ **Category:** Under Construction\ **Created:** [February 16, 2018, 11:20pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181 "2018-02-16T23:20:56Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![chris08876](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/chris08876/32/1617_2.png) [@chris08876](https://forum.newyorkyimby.com/u/chris08876)\ **Post date:** [February 16, 2018, 11:20pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/1 "2018-02-16T23:20:56Z")
**[HAP Investments buys Tribeca site for its next condo project](https://therealdeal.com/2018/02/16/hap-buys-tribeca-site-for-its-next-condo-project/)** ![image](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/d/7/d787c5f7c9e0006eb78a48dc7099b56ae525447e.jpg) > HAP Investments has purchased a development site in Tribeca for $46 million, where it is planning to build a 40-unit condominium project, sources told The Real Deal. > > The site is located at 65 Franklin Street, right by Broadway, and HAP purchased it from Miami-based Crescent Heights Realty, which was co-founded by Sonny Kahn, Russell Galbut and Bruce Menin. The property contains 64,430 buildable square feet, although this can increase to 77,000 with additional air rights. The price per square foot works out to about $714 for HAP. ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [February 17, 2018, 12:01am UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/2 "2018-02-17T00:01:07Z")
Beautiful!!! ---
**Author:** ![YIMHudson](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/yimhudson/32/2304_2.png) [@YIMHudson](https://forum.newyorkyimby.com/u/YIMHudson)\ **Post date:** [September 16, 2018, 1:11am UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/3 "2018-09-16T01:11:19Z")
plans were filed in July. I’m looking forward to this one. > **[Commercial Real Estate - The Real Deal New York](https://therealdeal.com/tag/commercial-real-estate/)** > > Commercial real estate is any property used for a profit-making, non-residential purpose. ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [September 16, 2018, 1:52am UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/4 "2018-09-16T01:52:22Z")
I agree. It’s a beautiful tower, and it’s replacing crap. ---
**Author:** ![YIMHudson](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/yimhudson/32/2304_2.png) [@YIMHudson](https://forum.newyorkyimby.com/u/YIMHudson)\ **Post date:** [January 22, 2020, 8:03pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/5 "2020-01-22T20:03:59Z")
i liked the previous design better > **[HAP makes way for new condo tower at 65 Franklin Street in Tribeca](https://www.cityrealty.com/nyc/market-insight/features/future-nyc/hap-makes-way-new-condo-tower-65-franklin-street-tribeca/39921)** > > The Rebel, 65 Franklin Street, Tribeca : Despite a soft high-end market, the ever-busy firm of HAP Investment Developers is plowing ahead on a ground-up Tribeca condo at 65 Franklin ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/9/b/9b1bc03fce5e3de101e5f20d304f9f9e7d024c78.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/b/0/b05d043f922d84e8b0dcfbdd79aaaa94a6572c71.jpeg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [January 22, 2020, 9:50pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/6 "2020-01-22T21:50:26Z")
Nice plumbing job! ---
**Author:** ![YIMHudson](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/yimhudson/32/2304_2.png) [@YIMHudson](https://forum.newyorkyimby.com/u/YIMHudson)\ **Post date:** [November 25, 2020, 6:00pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/7 "2020-11-25T18:00:06Z")
> **[HAP breaks ground on luxury Tribeca condo | Real Estate Weekly](https://rew-online.com/hap-breaks-ground-on-luxury-tribeca-condo/)** > > A construction loan was provided by G4 Capital Partners, and a mezzanine loan by Quinlan Development Group. ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/8/c/8cbbeb0a09a50ec0b42ce1baa904d745c60a812f.jpeg) ---
**Author:** ![YIMHudson](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/yimhudson/32/2304_2.png) [@YIMHudson](https://forum.newyorkyimby.com/u/YIMHudson)\ **Post date:** [May 16, 2021, 10:30pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/8 "2021-05-16T22:30:15Z")
> **[Excavation Progresses at 65 Franklin Street in Tribeca, Manhattan - New York...](https://newyorkyimby.com/2021/05/excavation-progresses-at-65-franklin-street-in-tribeca-manhattan.html)** > > Excavation and piling work is progressing at 65 Franklin Street, a 19-story, 41-unit project from CetraRuddy and HAP Investment Developers in Tribeca. ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/9/3/93f2175a41b29b380f5766e722240e6308f15aed.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/7/c/7c09ffc99a59858b98f87a3cbf5f2fc32c974565.jpeg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [April 13, 2022, 11:22am UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/9 "2022-04-13T11:22:23Z")
This looks great. > **[Below-Grade Work Ramps Up for Tribeca Rebel at 65 Franklin Street in Tribeca,...](https://newyorkyimby.com/2022/04/below-grade-work-ramps-up-for-tribeca-rebel-at-65-franklin-street-in-tribeca-manhattan.html)** > > Below-grade work is progressing for Tribeca Rebel, a 19-story project from CetraRuddy and HAP Investment Developers at 65 Franklin Street in Tribeca. ---
**Author:** ![crawdad](https://avatars.discourse-cdn.com/v4/letter/c/2acd7d/32.png) [@crawdad](https://forum.newyorkyimby.com/u/crawdad)\ **Post date:** [April 13, 2022, 1:07pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/10 "2022-04-13T13:07:32Z")
This looks good, but the zoning is ridiculous. This is Broadway, Manhattan’s most important thoroughfare. Should be 2-3 times as tall. ---
**Author:** ![chused](https://avatars.discourse-cdn.com/v4/letter/c/90ced4/32.png) [@chused](https://forum.newyorkyimby.com/u/chused)\ **Post date:** [April 13, 2022, 4:27pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/11 "2022-04-13T16:27:53Z")
crawdad-- Tribeca doesn’t need tall buildings unless you don’t care much about the fabric of an area filled with beautiful old industrial buildings. Some neighborhoods should largely be left alone. Let midtown be midtown and tribeca be tribeca. ---
**Author:** ![mcart](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/mcart/32/84718_2.png) [@mcart](https://forum.newyorkyimby.com/u/mcart)\ **Post date:** [April 13, 2022, 4:42pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/12 "2022-04-13T16:42:38Z")
> [@chused](#): > > Some neighborhoods should largely be left alone. No, they shouldn’t. Unless you plan on not letting anything else get built in NYC, no they absolutely should not. Your comment implies that you believe these neighborhoods hold some special value that let’s them be undevelopable while others are not. This is a highly subjective opinion that can be used on virtually every plot of land on the planet and just leads to NIMBYism. ---
**Author:** ![chused](https://avatars.discourse-cdn.com/v4/letter/c/90ced4/32.png) [@chused](https://forum.newyorkyimby.com/u/chused)\ **Post date:** [April 13, 2022, 4:56pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/13 "2022-04-13T16:56:48Z")
Yep. I believe in the inherent value of beautiful architectural history, just like I believe in saving Cezanne paintings. Too much of American architecture has been trashed. Building new in places where there is nothing worth saving, or nothing there at all. But replacing good architecture makes me wince. ---
**Author:** ![mcart](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/mcart/32/84718_2.png) [@mcart](https://forum.newyorkyimby.com/u/mcart)\ **Post date:** [April 13, 2022, 5:01pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/14 "2022-04-13T17:01:26Z")
You believe in the subjective value of what you subjectively believe is beautiful. Something that isn’t shared by everyone and should not stop new construction. Besides we already have a system for protecting historical architecture and beautiful buildings, as you should know if you’re interested in NYC development. There is no reason to paint an entire district with the same brush. ---
**Author:** ![the726](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/the726/32/13225_2.png) [@the726](https://forum.newyorkyimby.com/u/the726)\ **Post date:** [April 13, 2022, 5:16pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/15 "2022-04-13T17:16:12Z")
I think this is where adaptive reuse can come in handy. The Meatpacking District is a great example. Saving the “beautiful” and cultural value of neighborhoods by keeping the facade, etc, while building new above or around it. The city needs new housing and inventive ways of adding it \*without \* bulldozing more of it’s history. mcart - the LPC doesn’t always do a great job of protecting history, as we all know lol. But a system nonetheless ---
**Author:** ![mcart](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/mcart/32/84718_2.png) [@mcart](https://forum.newyorkyimby.com/u/mcart)\ **Post date:** [April 13, 2022, 5:18pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/16 "2022-04-13T17:18:47Z")
I can agree to this. Stuff can built on top of existing structures maybe pulled back from the edge. Would reduce the footprint of the building but does have the benefit of keeping the current feel. And renovation, expansion etc could keep the current style of the building. Maybe even rules that developers have to build their new buildings in the style of the current area, though I’d prefer this to be restricted only to small areas. Architectural diversity is what’s great about big cities ---
**Author:** ![DeSelby](https://avatars.discourse-cdn.com/v4/letter/d/df705f/32.png) [@DeSelby](https://forum.newyorkyimby.com/u/DeSelby)\ **Post date:** [April 13, 2022, 5:30pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/17 "2022-04-13T17:30:14Z")
I actually think this building, 65 Franklin, threads the needle pretty well and is a good example of modern development in a largely pre-war area with restrictive zoning. The buildings it replaced were not too special, it has a contemporary design that’s contextual and not just jarring glass, and it adds some modest height and density. ---
**Author:** ![chused](https://avatars.discourse-cdn.com/v4/letter/c/90ced4/32.png) [@chused](https://forum.newyorkyimby.com/u/chused)\ **Post date:** [April 13, 2022, 6:39pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/18 "2022-04-13T18:39:44Z")
\*\*DeSelby–I agree with you. Mcart–your reply to me was a bit harsh. It’s as if I’m disabled from thinking large buildings in Tribeca should not be built. The LPC, IMO, does not do a good job of protecting NYC’s architectural history. So I am free to disagree that the existence of the LPC means I can’t favor preservation of the fabric of an historic neighborhood by objecting SOMETIMES to the construction of large buildings. I’m not painting a huge area with the same brush. Flexibility is good. Maybe the powers that be will be will at times decide that a building is just too big to be appropriate. Let’s just agree to disagree rather than basically suggesting that I am irreparably wrong-haeaded. ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [April 13, 2022, 6:45pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/19 "2022-04-13T18:45:14Z")
I agree. I lived and worked downtown for a long time. I wouldn’t want tall buildings looming over Tribeca or Soho. ---
**Author:** ![mcart](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/mcart/32/84718_2.png) [@mcart](https://forum.newyorkyimby.com/u/mcart)\ **Post date:** [April 13, 2022, 6:55pm UTC](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181/20 "2022-04-13T18:55:20Z")
> [@chused](#): > > It’s as if I’m disabled from thinking large buildings in Tribeca should not be built. I’d say almost anywhere in Manhattan should have large buildings. But no, I neither said nor implied that you were “disabled”, or stupid, or anything of the sort. And I have absolutely no idea where you would even get that from. [Next page](https://forum.newyorkyimby.com/t/new-york-65-franklin-street-294-ft-24-floors/4181.md?page=2)