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Today's Featured Building: Reade57

57ReadeExteriorBest.jpg


Tribeca
Situated in the heart of the Tribeca neighborhood, 57Reade is a mixed use building with two retail floors and 20 floors of residential condominium space. Tribeca stands for the Triangle Below Canal Street and runs from downtown west from Canal Street to Park Place and City Hall spanning from the Hudson River to Lafayette Street. It got its name from an artist zoning project in the 1970s, originally intended for a city block to be used for mixed living/work space by the artists. This concept was much like a successful application in SoHo (South of Houston). The newspaper mistakenly referred to the neighborhood as TriBeCa and the name was born.


Tribeca began as one of the first residential neighborhoods to extend from New York City’s boundaries in colonial times. By the 1850s and 60s, it was transformed into a commercial center. Later with the arrival of the subway, the IRT Broadway – Seventh Avenue Line in 1914, the neighborhood became predominantly a manufacturing and warehouse district.[1]. Many of these properties have now been converted into residential housing.


The conversion was first due to an influx of artists in the 1970s who were attracted by the inexpensive vacant commercial spaces. The 1980s saw large scale conversion by developers propelling TriBeCa into the upscale residential neighborhood it is today. It is the subject of 1977 nonfiction book entitled "Pioneering in the Urban Wilderness," by Jim Stratton, which documents his adventures converting warehouses in Lower Manhattan.

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Cities and Regions:

Region Buildings Housing Units
New York City, NY 625 103,068
Los Angeles, CA 77 10,247
Vancouver, BC 223 39,498
Chicago, IL 51 14,683


Staff Picks:


740 Park Avenue - Known as one of New York City's premiere apartments buildings, 740 Park Avenue is famous for being the childhood home of Jacqueline Kennedy Onassis.

Ansonia - A former hotel with a long and storied history of famous residents, scandals, and tumultuous times, the Ansonia is known for its distinctive architecture and lavish design detailing.

City Spire - At the time of its construction, City Spire was the world's second tallest concrete building, and today is known for its record setting three floor penthouse with panoramic views of Manhattan.

Apple Bank Building - A landmark building that once housed the Central Savings Bank, the Apple Bank Building is known for its luxury, including a fitness center that is illuminated by a chandelier.

Downtown By Starck - A conversion project by famed architect Philippe Starck, this building has been dubbed the Downtown Insanity Palace due to its numerous over the top luxury amenities.

Rutherford Place - A former maternity hospital, Rutherford Place is now a condominium residence in Gramercy Park, and a classic example of the Beaux Arts architectural style.

Jade- With interior design by Jade Jagger, this building introduced Manhattan-ites to pod style living.


News:

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In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.
Does the American Dream no longer include homeownership?
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U.S. home sales to foreigners surge 49% to new record
Foreigners and recent immigrants spent $153 billion buying American homes over the course of the last year, according to the National Association of Realtors.

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