56 Leonard Street
also 240 Church Street | Tribeca | built 2017
Open on the map10 entries
Written with AI from the source each entry cites, then fact-checked.
- 2007
Alexico Group buys the site and air rights from New York Law School for $150 million
Developer Izak Senbahar of Alexico Group paid New York Law School $150 million in 2007 for the land and air rights, and construction began that year. Foundation work started in 2008 but was shut down before year's end when the project was put on hold. It did not resume until October 2012, and in 2013 the developers secured a $350 million loan led by Bank of America.
Source: Wikipedia
- 2008
Herzog & de Meuron's design stacks 145 apartments on floors that each differ in layout and profile
Swiss firm Herzog & de Meuron designed an 820-foot tower with 145 apartments across 57 floors, each floor unique in plan and outline. The stacked plates create a random-looking series of setbacks and overhangs, with cantilevers reaching 30 feet. The concrete frame includes a water tank in the mechanical penthouse to damp wind sway, and units were priced from $3.5 million to $30 million.
Source: archpaper.com
- 2012
Work on the tower restarts after nearly four years on hold
Foundation work for 56 Leonard began in 2008, but the project was put on hold and work stopped before that year ended. Construction picked up again in October 2012, after nearly four years.
Source: Wikipedia
- 2013
Bank of America leads a $350 million loan and the tower is mostly sold
In 2013 the developers took out a $350 million loan arranged by a group of lenders with Bank of America in the lead. By May of that year 70 percent of the building had been sold, and developer Izak Senbahar said the tower was 92 percent sold within seven months.
Source: Wikipedia
- 2013
A penthouse goes into contract for $47 million, the priciest home sold below Midtown
By May 2013 about 70 percent of the building's apartments had sold, and the developer later said 92 percent were gone within seven months. That June, a penthouse went under contract for $47 million, a price no home below Midtown had ever reached.
Source: Wikipedia
- 2017
Engineering News-Record names 56 Leonard the best residential and hospitality project
In September 2017 ENR New York picked 56 Leonard as its best residential and hospitality project. The magazine noted that the tower was developed from the inside out, starting with individual rooms grouped floor by floor. Above the fifth floor it extends 20 feet to the west and 15 feet to the south, over New York Law School buildings that stayed occupied during construction.
Source: enr.com
- 2017
The 821-foot tower is completed as Tribeca's tallest structure, nicknamed the Jenga Building
Completed in 2017, the 57-story tower reaches 821 feet and is the tallest structure in Tribeca. Herzog & de Meuron describe it as houses stacked in the sky, and its cantilevered volumes earned it the nickname Jenga Building. Amenity floors nine and ten hold a 75-foot pool and a 25-seat screening room. Goldstein, Hill & West served as architect of record.
Source: Wikipedia
- 2018
A fabricator's email shows how hard Kapoor's bean is to build
In 2018 the Tribeca Citizen obtained an email from fabricator Performance Structures to the developer describing the complexity of Anish Kapoor's sculpture at the base. It called for 38 stainless-steel plates and a supporting framework, welded so precisely that the assembled piece would form a perfect sculptural shape. Covid later stalled the work, and for a while the unfinished piece was known as the half-bean.
Source: curbed.com
- 2022
Bed Bath & Beyond's chief financial officer falls to his death from the 18th floor
In early September 2022 Gustavo Arnal, the 52-year-old chief financial officer of Bed Bath & Beyond, fell to his death from the 18th floor of 56 Leonard, according to media reports. Police were called to the building near Church Street around 1 p.m., and a man was pronounced dead at the scene. His company had said the week before that it would close 150 stores.
Source: indianexpress.com
- 2023
Anish Kapoor's reflective sculpture is completed at the base nearly 15 years after it was commissioned
Alexico Group commissioned a 19-foot-tall sculpture from Anish Kapoor in 2008, with a cost estimated at $8 to $10 million. The 2008 financial crisis and later the COVID-19 pandemic delayed it, and it stood partly finished under scaffolding for years. Completed in February 2023 beneath the canopy at Church and Leonard Streets, it resembles his Cloud Gate in Chicago. Kapoor himself bought a $13.6 million condominium in the building in 2016.
Source: theartnewspaper.com
Further reading
- 56 Leonard StreetWikipedia
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