The Peebles Corporation and Elad Group have received permits for their conversion of 108 Leonard Street – also known as 346 Broadway — in Tribeca.
As The Real Deal previously reported, the city sold the landmarked 13-story, 400,000-square-foot building to the developers for $160 million in December 2013.
Yesterday, the project’s plan exam application was filed, revealing that preservation-focused architecture firm Beyer Blinder Belle will renovate the 19th-century Renaissance Revival structure.
When completed the building will have 2,199 square feet of commercial space, 7,210 square feet of community facility space and 364,137 square feet of residential space, according to Buzzbuzzhome.
Back in December 2013, Peebles told the New York Post that the development would consist of 110 to 140 condo units and that the developers “are considering a five-star plus boutique hotel of between 50 and 75 suites.” However, Buzzbuzzhome noted that there wasn’t a hotel portion laid out in the permits. [Buzzbuzzhome] – Christopher Cameron