A milestone has been reached for a new condominium development in Manhattan's Tribeca neighborhood that was the former home of the New York Life Insurance Company.
According to a recent press statement, 108 Leonard has announced its immediate occupancy. The renovated historic building consists of over 160 condo units with its Italian Renaissance Revival exterior restored, while featuring contemporary design by Jeffrey Beers International.
Real estate developer Elad Group manages 108 Leonard, while the marketing is being handled by Douglas Elliman Development Marketing. Sales were reportedly launched in March 2018.
In describing the residences, the development noted how Jeffrey Beers International juxtaposed the building's classic features—such as chevron patterned-oak floors and oversized modelings--with modern flourishes. Other features of the apartments include open kitchens with Miele appliances, and tall ceiling heights,
“From the outside, 108 Leonard is an historic landmark that pays homage to a gifted bygone era; on the inside, it is a bright canvas of modern restraint, ready to adapt to one's individual lifestyle,” said 108 Leonard on its website.
Prices for the units that are currently available range from a one-bedroom/one-and-half bath for $1,670,000, to a four-bedroom/five-bathroom penthouse for $11,500,000.
The building boasts over 20,000 square feet of amenities, such as roof gardens, a fitness center, private dining, an indoor pool, and a cabana with a fireplace and summer kitchen.
Constructed in 1894 and designed by the architectural firm of McKim, Mead and White, the landmarked building once housed the New York Life Insurance Company; in 2014, the city sold the building to developers in 2014. The development was in the news this past April when the New York State Court of Appeals ruled against preservationists who filed a lawsuit to stop the conversion of the building's historic clock tower into a penthouse.
David Chiu is an associate editor at The Cooperator.