NEW YORK | 65 Franklin Street | 210 FT | 19 FLOORS


HAP Investments buys Tribeca site for its next condo project


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.




plans were filed in July. I’m looking forward to this one.


I agree. It’s a beautiful tower, and it’s replacing crap.