“Herzog & de Meuron have designed a tower that somehow manages to combine the urban intensity and density of a tight skyscraper full of lofts and a series of interlocking glass villas that is as free-flowing as any of California’s classic modernist houses.”
Edwin Heathcote, The Financial Times
August 28, 2018
Galerie Magazine features 56 Leonard for its unprecedented collaboration with Anish Kapoor. “The building and sculpture appear to form a unified object. It’s true synergy.” – Izak Senbahar, of Alexico Group
Field Condition, September 14, 2018
Field Condition shoots 56 Leonard, offering an exclusive look inside Residences Penthouse 57 and Penthouse 52B.
Culture Trip, July 23, 2019
While striking from both land and sea, 56 Leonard is featured in Culture Trip’s list of award-winning skyscrapers and hidden historical gems that are best viewed from the water.
New York Post, July 18, 2018
From hunks of nylon rope to confections of the most delicate Venetian glass, elaborate lobby lighting installations — like the handmade neon and galvanized steel chandelier by Patrick Nash at 56 Leonard — are the hot new amenity in the city’s hypercompetitive luxury apartment market.
The Wall Street Journal, June 7, 2018
As noted by The Wall Street Journal, the newest trend in luxury amenities is carefully designed mailrooms that can double as a gathering space for residents. What was once a sterile and forgotten room has now become an opportunity for creative experimentation and high design. At 56 Leonard, residents can enjoy the same level of finishes in the mailroom as they do the lobby.
Architectural Digest, March 22, 2018
In New York City, top architects are finding inspiration for luxury in a rather humble material: concrete. The monumental tower in Tribeca, 56 Leonard, expresses the concrete skeleton of the building with glass inserts for windows. Interior columns create character throughout each of the 145 residences and dominate the common areas with concrete calls, walls, and ceilings. Only few residences remain at the 821’ tall building.
Mansion Global, March 14, 2018
A current resident loved life at the so called “Jenga Tower” so much that he upgraded to a $17 million penthouse on the 52nd floor. The residence spans over 3,568 square feet and has four bedrooms, four-and-a-half bathrooms, and three outdoor private terraces. Amenities in the building include, but are not limited to a 75-foot lap pool and hot tub, 25-seat screening room, fitness center managed by The Wright Fit, residents’ lounge.
Engineering News-Record, March 1, 2018
ENR, Engineering News-Record, announced 56 Leonard Street as the best of the best project in residential/hospitality for 2017. The 60-story condominium was awarded for its cinematic cantilevered design and skyline-defining silhouette.
Architectural Record, December 27, 2017
56 Leonard was noted as one of the top projects completed in 2017 by Architectural Record. Designed by Herzog & de Meuron, the Jenga-like tower rises 60 stories with staggering cantilevering balconies off each of its 145 unique residences.
The Real Deal, December 20, 2017
The sale of Penthouse 60 at 56 Leonard was rated amongst one of the priciest in New York City for 2017. The residence was purchased for nearly $48M and closed earlier this fall.
Elle Décor, January/February Issue
Elle Décor Magazine has named Herzog & de Meuron one of the most renowned architects worldwide. Herzog & de Meuron is known for designing 56 Leonard, the staggering 60-story building often referred to as the “Jenga” building in the historic neighborhood of Tribeca.
The Irish Times, December 11, 2017
The host of Ireland’s most-viewed television show, Dermot Bannon, took an exclusive tour of 56 Leonard’s Penthouse 52B. The expansive four-bedroom, four and a half bath features private entrance with the North, East, and South exposures framing Midtown’s spires, the East River, the Manhattan & Brooklyn Bridges, and One World Trade Center.
The Concrete Industry Board, October 1, 2017
The Concrete Industry Board awarded 56 Leonard with the 2016 Award of Merit with Special Recognition for Design. The Jury applauded the building for its unique and innovative cantilever, making the concrete building stand out to the entire surrounding neighborhood.
The Real Deal, November 5, 2017
In the condo market, an address can mean everything — higher prices, faster sales, numerous offers — and brokers are seeing this first hand on Leonard Street in Manhattan. Ever since Herzog & de Meuron’s 56 Leonard Street opened, the street name has become a symbol of Tribeca’s prestige and distinction.
The Wall Street Journal, November 1, 2017
Throughout the last century, Leonard Street—a short side street of commercial and factory lofts—was overshadowed by some of the taller, grander buildings on nearby Broadway. But Leonard Street that has cachet now, especially after the construction of a jaunty 821-foot-tall residential building at 56 Leonard Street, with a design by Herzog & de Meuron that created a tower of stacked boxes visible atop the New York skyline.
Architectural Digest, October 17, 2017
56 Leonard Street, informally known as the Jenga Tower, has made its mark on Manhattan’s architectural landscape. The building was designed by Herzog & de Meuron and is located on Leonard Street between West Broadway and Church Street.
New York Post, October 11, 2017
The penthouse at 56 Leonard Street, designed by Herzog & de Meuron, offers unbelievable helicopter views of pretty much the entire city. Penthouse 52B is an expansive 4 bedroom 4.5 bath penthouse residence featuring private entrance with North, East and South exposures framing Midtown’s spires, the East River, the Manhattan & Brooklyn bridges, and One World Trade Center.
Financial Times, September 22, 2017
A penthouse residence at 56 Leonard in historic Tribeca offers 14 ft. high floor-to-ceiling windows with expansive views of the East River and both Manhattan and Brooklyn Bridges. The building is designed by Swiss architects Herzog & de Meuron.
Architonic, September 19, 2017
As opposed to the anonymity and repetitiveness of high-rise towers in the city, the design of 56 Leonard achieves a personal and intimate layout for each of its residences. The strategy of stacking rooms creates a large number of terraces with projecting balconies for each home.
Bloomberg, September, 8, 2017
Bloomberg just released a 360-degree video of the last remaining penthouse at 56 Leonard. The 3,079 square foot residence, including a 163 outdoor square foot terrace, offers unobstructed North, South, and West facing views.
Robb Report, August 16, 2017
56 Leonard is anchored by a shiny Anish Kapoor sculpture at its base. The mesmerizing masterpiece is the British sculptor’s first permanent work in New York City.
Curbed, August 23, 2017
56 Leonard has been ranked among the most iconic buildings New York City history by Curbed. The 60-story condominium designed by Herzog & de Meuron is known for its Jenga-like appearance of staggering cantilevering balconies off each 145 unique residences.
ENR New York, July 10, 2017
Engineering News-Record (ENR), the country’s top title in engineering and construction news, has named 56 Leonard the “Best Project in the Residential/Hospitality” category in its annual rankings.
The New York Times, June 30, 2017
The priciest Penthouse at 56 Leonard has sold, making this the city’s most expensive sale for the month of June and the priciest sale in New York History south of 14th Street. The apartment, which includes a wraparound terrace offering panoramic views of the Hudson River and New York Harbor, closed at $47,866,945.
Daily Mail, June 8, 2017
A mesmerizing video of New York’s most unusual skyscraper, 56 Leonard, has captured 33-months of construction in just over a minute. 56 Leonard is the first skyscraper designed by international architects, Herzog & de Meuron. At first it is hard to see the base of the tower, but it slowly begins to take shape and revealing its beautiful reflective glass.
Building Design, May 31, 2017
Designed by Herzog & de Meuron, 56 Leonard Street is iconic to the New York luxury skyscraper boom, by demonstrating a radical new approach to skyscraper design with its staggering profile and cantilevering balconies.
ArchDaily, May 23, 2017
Herzog & de Meuron’s latest project has reached completion. 56 Leonard, now the tallest building in Tribeca, is comprised of 60 stories rising at 821 feet. The floors were treated as “pixels” by grouping the residences together floor-by-floor while also creating terraces with projecting balconies. Due to the personalized nature of the exposed concrete slabs, only five out of the 145 residences are repeated, with no two floorplates being the same.
The Real Deal, May 17, 2017
A new time lapse video broadcasting the floor-by-floor rise of 56 Leonard has just been released. Recorded between March 2014 and December 2016, the video reveals the consummation of the 60-story building. Alexico just recently unveiled the opening of the building’s two-story amenity space, which includes a 75-foot lap pool, fitness center, screening room, playroom and much more.
Elle Décor, May 10, 2017
56 Leonard, famously known as the ‘Jenga Tower’ finally released photographs of the building’s interiors. The Swiss architecture firm behind the illusive skyscraper, Herzog & de Meuron, designed 145 unique residences, each with private outdoor space. The amenities, spanning over the 9th and 10th floors, include a 75-foot long lap pool with a hot tub and sundeck overlooking the Hudson, fitness studio managed by The Wright Fit, lounge, screening room, private dining room and much more.
Wallpaper, May 4, 2017
From the architecture, to the amenities, to the interiors, every detail of 56 Leonard has been designed by the visionary Swiss architecture practice Herzog & de Meuron. Recently unveiled, the private amenities on the ninth and tenth floors include a 75-foot pool with a hot tub and sundeck overlooking the Hudson. The building also offers a fitness studio managed by The Wright Fit, lounge, screening room, private dining room and a staff kitchen.
Dezeen, April 6, 2017
56 Leonard released just a peek of the amenity spaces in the 60-story building designed by Herzog & de Meuron. Spanning across 17,000 square feet across the ninth and tenth floors, the double-height spaces include a 75-foot meter pool and hot tub looking out to a private outdoor terrace. Other amenities include a fitness center, steam room, lounge, screening room and private dining room.
Wall Street Journal, March 23, 2017
As skyscrapers push the boundaries of height, one crucial building component has risen to the challenge: the elevator. Technological advances in the industry are providing faster, smoother rides to building residents—and adding a little glitz to their trip. Elevators at 56 Leonard, an 821-foot-tall luxury skyscraper in Manhattan, will deliver residents on the top 15 floors directly to their apartment using Schindler’s destination-dispatch system. Lower floors will have no more than three apartments per elevator bank, so cars will open into hallways that are “exclusive and private,” said Izak Senbahar, the building’s developer.
Dezeen, February 1, 2017
56 Leonard’s complete exterior has just been released with new photography by Hufton + Crow. The 60-story sky scraper comprises 145 unique residences with a private outdoor terraces.
The New York Times, July 8, 2016
For most of the last century, all developments in New York City tended to marry architecture and art with ambivalence, if they married them at all. But the landscape is starting to change, leading to what will be a walkable itinerary of some serious art in and around Manhattan buildings. Chief among them is 56 Leonard Street in TriBeCa, a Herzog & de Meuron creation that will feature a mirror-polished stainless steel Anish Kapoor sculpture nestled surreally at a corner of its base, this British artist’s first permanent public piece here. Simon Elias, a developer of the tower, said that the business calculus behind adding a marquee work of art had become more complex in recent years. While developers do not feel an absolute competitive imperative to have A-list art, he said, many like him and his partners believe that great art can help make an already distinctive building an enduring one.
dezeen, June 1, 2016
The Jenga-like form of Swiss firm Herzog & de Meuron’s residential skyscraper in Tribeca, New York, has been captured by Instagram users. Two final crowning penthouses are available for sale.
Four Seasons Magazine, Spring 2016
As cities worldwide invest in radically vertical architecture to manage growth harmoniously, New York turns its eye to needle buildings and other lofty architectural strategies to accommodate the rise of Lower Manhattan. This year, the most individualistic example will be completed at 56 Leonard Street. Neither sleek nor anonymous, this 821-foot stack of dwellings by Herzog & de Meuron eschews the repetition of a singular floor plan and offers instead 145 pixellated variations on the glass box, with its most extreme extensions jutting out at the top in a reversal of the receding Art Deco crown.
The New York Times, March 25, 2016
Until recently, if you were looking to buy a condominium with high ceilings, your choice was limited to prewar apartments, lofts or penthouse units. Now several developers are offering new condo projects that have soaring ceilings in more than half the building. “Today, 11-foot ceilings are the new eight-foot ceilings,” said Izak Senbahar, the president of the Alexico Group, a developer behind the TriBeCa condo tower 56 Leonard. Unlike a kitchen that you can renovate to your liking, a ceiling can’t be pushed higher once the building is constructed, he said. The 60-story condominium at 56 Leonard incorporates ceiling heights of 11 to 19 feet in each of its 145 units.
The Financial Times, February 26, 2016
In recent years there has been a resurgence in ideas of fragmentation, pixelation and randomness, a collapse of the certainty in the straight line and the solid block. The finest example might be Herzog & de Meuron’s 56 Leonard in New York’s Tribeca. This extraordinary tower appears to begin to disintegrate as it rises, fading from a solid extrusion to an ethereal crown, solid melting into air. It is an ingenious solution to one of architecture’s great conundrums — what to do with the top of a tower.
Departures, Fall 2015
56 Leonard, the first New York tower by famed Swiss architects Herzog & de Meuron, is nearing completion and revealing its jagged silhouette high above the Tribeca skyline. “We could tell you the reason for every wall, every setback, every cantilever,” says Pierre de Meuron of his firm’s approach to design. No detail has been spared in creating this iconic structure, from the “…extruded floor plates that provide outdoor terrace space to the projecting glass boxes holding the living rooms.” 56 Leonard rests on a one-of-a-kind sculpture by artist Anish Kapoor that appears to be holding the weight of the superstructure on its curvilinear design. At press time, only 2 of the building’s condominium Penthouses remained available for sale.
Time Out New York, September 21, 2015
56 Leonard has been named one of the “ten best skyscrapers in New York City” alongside other legends like The Chrysler Building, The Flatiron Building, and Hearst Tower. The nearly complete condominium tower has captured the city’s attention with its Jenga-like appearance. Designed by Herzog & de Meuron, the 60-story building is the tallest in Tribeca, topped by ten unique penthouses, and breaks away from the uniform-sleek towers that have recently dominated the city landscape in recent years.
Wallpaper, September 4, 2015
Herzog & de Meuron’s Tribeca luxury condos at 56 Leonard are on the rise. The tower has reached its complete height of 60 stories and the meticulous work of crafting its interiors is well underway. Each of the 145 residences has its own unique floor plan and access to the holy grail of Manhattan real estate: private outdoor space. 56 Leonard will also offer two full floors of amenities including pool, fitness center, lounge, private dining room, playroom, and sun deck.
Robb Report, September 1, 2015
Acclaimed Swiss architecture firm Herzog & de Meuron is making its mark on the Manhattan skyline. Encased in a sculptural stacked-glass structure, 56 Leonard Street in Tribeca already boasts the most unique profile in the city, but the 60-story tower’s transcendent design doesn’t stop there. The building’s 145 condominiums and penthouses will provide every resident with outdoor space courtesy of spacious private terraces, and the building’s base will house a custom sculpture by lauded artist Anish Kapoor.
Curbed, August 19, 2015
One of the most highly anticipated towers in NYC, the luxury condominiums in Tribeca at 56 Leonard, are now officially the neighborhood’s tallest as well. While the building’s stacked-glass facade and river to river views has already garnered plenty of interest, 56 Leonard has yet to reveal its pièce de résistance—a collection of ten exceptional penthouses, two of which are the final available residences at the building.
Curbed, May 15, 2015
You have exactly one minute to watch one of the most highly anticipated condo towers in New York City rise to 60 stories and begin to grow the asymmetrical protrusions that have spawned Jenga comparisons. With two final penthouse residences for sale envisioned by the Pritzker Prize-winning team Herzog & de Meuron, 56 Leonard will reach its full height this summer.
Luxe Interiors + Design, May 1, 2015
Art is everywhere you look in New York City, including right outside your front door if you’re a future resident of 56 Leonard. The 145 new luxury condominiums in Tribeca, designed by the Pritzker Prize-winning team at Herzog & de Meuron, are located in one of the city’s most architecturally innovative structures. Nicknamed the “Jenga tower” for its cantilevered glass façade, 56 Leonard is anchored by one of artist Anish Kapoor’s groundbreaking steel sculptures — his first permanent public installation in the city.
Wall Street Journal, March 12, 2015
As an influx of luxury destinations ranging from restaurants to retail take over Lower Manhattan, an increasing number of families are searching for luxury condominiums in Tribeca. While still under construction, 56 Leonard has piqued plenty of interest among buyers, who have scooped up nearly all of the 60-story condominium’s limited edition residences and penthouses. Designed by Pritzker Price-winning architects Herzog and de Meuron, 56 Leonard is becoming a destination unto itself with a pool, fitness center, library, theater, private dining room, and a one-of-a-kind sculpture by famed artist Anish Kapoor.
New York Post, March 4, 2015
Luxury Condominiums in Tribeca are back with a vengeance, selling at breakneck speed. Call them Comeback Kids. Developer Izak Senbahar, president of Alexico Group, started construction of the Jenga-like 56 Leonard, courtesy of Swiss architects Herzog & de Meuron, in the summer of 2007. 56 Leonard re-opened its sales office in spring 2013 and now there’s just two apartments remaining. “We sold over $1 billion in 10 months. I think that is a world record,” Senbahar says.
New York Magazine, December 14, 2014
The unique, stacked appearance of 56 Leonard, the newest luxury condominium in Tribeca, NYC, has led the structure’s Swiss co-architect, Jacques Herzog, to lovingly describe it as pixelated. The 60-story, 821-foot building’s double-height cantilevered concrete slabs give it a futuristic, asymmetrical appearance that highlights its unique balconies and numerous penthouses of all different shapes and sizes. These “houses in the sky” are said to be the most exciting addition to the downtown skyline in years, and the shiny balloon-like work of public art at its base from artist Anish Kapoor is just another reason people can’t stop gazing upon 56 Leonard.
Daily Mail, November 13, 2014
When people describe the best view they’ll have from their new home, few think to mention the view from their bathroom — unless they plan to live in the Tribeca luxury condos at 56 Leonard. The 60-story construction will offer unique perspectives of the city from the floor-to-ceiling windows of its sleek bathrooms. The prospect of sightseeing from one’s own home has broad appeal among home buyers as all but two of the 145 residences at 56 Leonard have already been sold.
New York Times, October 24, 2014
New York City has its own set of rules when it comes to the real estate game. At 56 Leonard, the newest set of luxury condominiums in Tribeca, owners can customize their add-ons. For $72,000 residents can add basement-level storage space, and for $500,000, the building’s luxury Tribeca penthouses can be equipped with a parking space, making out-of-town-trips easier than ever.
designboom, August 29, 2014
The rise of luxury Tribeca condominium 56 Leonard has been quite a sight to behold. Boasting 145 residences, the building, developed by Alexico Group and Hines, is changing the Lower Manhattan landscape. Its sleek exterior, outfitted with glass curtain walls, will enable residents to behold the city around them, from the Hudson River to the East. Rising 60 stories, the building will be Tribeca’s tallest, and undoubtedly the neighborhood’s most chic. Employing a striking minimalist aesthetic created by Swiss design firm Herzog & de Meuron throughout the residences, in addition to an imposing stainless steel sculpture by world-renowned artist Anish Kapoor on the ground floor, this soaring skyscraper is giving new greatness, in both design and quality of life, to this unique New York neighborhood.
Billionaire, July 01, 2014
In the world’s most celebrated cities, billionaires look to the skies in search of ultra-luxury property to satisfy appetites for exclusivity. And in New York, the wealthiest buyers do not have to look far to find the perfect hybrid of artistry and decadence: it is all there in the cantilevered magnificence of 56 Leonard Street. The Herzog & de Meuron-designed tower will achieve new architectural heights, featuring a beautiful glass facade that rises memorably over the swanky TriBeCa neighborhood.
56 Leonard makes it uniquely possible to own one’s own empire in the skies over TriBeCa. However, the window of opportunity is soon to close, as only three of the most deluxe penthouses in New York remain unsold. The countdown begins as buyers race to claim residence in the prestigious condominium, which is well known for its iconic and ‘Jenga-like’ design. Each penthouse ranges from $16.5 to $30 million, and guarantees an ethereal experience, with a gorgeous panoramic view and capacious balcony to survey the city far below.
New York Post, June 8, 2014
There is “a new generation” of glamorous sky high towers taking over the Manhattan skyline, including 56 Leonard – a luxurious residential condominium. This jenga-inspired building will stand at approximately 821 feet tall, enticing wealthy foreign buyers to claim elite status by living in this condominium. Not only does the beauty of 56 Leonard attract extravagant international buyers, but the new technology and efficiencies of the condominium are also alluring local Manhattanites who hope to claim a piece of this exclusive real estate.
Yahoo Finance, April 14, 2014
TriBeCa is the epicenter of luxury real estate development in Manhattan, and leading the pack of most-sought-after condominiums is the Herzog & de Meuron-designed 56 Leonard. The condominium will feature an iconic, Jenga-esque arrangement of “cantilevered glass, offering fantastic views of the city through floor-to-ceiling windows.”
Bloomberg, April 8, 2014
In the southern part of Tribeca, once largely a warren of government office buildings, more than $1 billion of sales were completed in the past year at 56 Leonard after the developer, Alexico Group LLC, waited out the financial crisis. The foundation for the planned 60-story tower was poured in mid-2008, just before the collapse of Lehman Brothers Holdings Inc. Alexico halted deals and construction for more than four years, said Izak Senbahar, the company’s president. Now, of the 145 units in the building, designed to look like a stack of delicately balanced blocks, only eight remain. A 7,800-square-foot duplex penthouse sold for $47 million. The project “just hit a nerve where a lot of downtown people wanted to upgrade,” Senbahar said. “They needed a larger space, they wanted views, they needed a doorman and a garage.” About 75 percent of the buyers were New Yorkers, said Senbahar, who initially assumed that much of the interest in the tower would come from overseas. “Local people really grabbed it before we could do a marketing campaign overseas,” he said.
Wallpaper*, March 4,2014
“This tall and slender tower by Swiss architects Herzog & de Meuron has been carefully designed so that only five of its 145 apartments are identical. Offering ten generous penthouses with ample amounts of living and outdoor spaces, this building aims to improve the living environment of its residents. The structure intertwines and shifts according to the internal organisation of the floor plans, providing the opportunity for each apartment to have its own panoramic view of Lower Manhattan’s Tribeca area. Building work is scheduled to complete by spring 2016.”
CurbedNY, February 24, 2014
56 Leonard, the swanky TriBeCa condominium unofficially dubbed the “Jenga Tower” has brought its final penthouse to market. “The building’s final penthouse, no. 52A, is set to be put on the market for $18.75 million. The 3,658-square-foot apartment includes 510 square feet of exterior space.”
New York Observer , January 10, 2014
56 Leonard is 90% sold, and has only one full-floor penthouse available: the most desired in TriBeCa. Meanwhile, the real estate community is abuzz as an anonymous high-end Downtown couple just scooped up a pair of adjoining residences for a grand total of 6,947 sq ft and $28.75 million. It is rumored that the buyers of the “fifth priciest deal to date” in the building were in need of more space. According to Elizabeth Unger from Corcoran Sunshine, who brokered the deal, “This kind of product just didn’t exist in Tribeca…We have 17,000 square feet of amenity space. The kitchens, the bathrooms, the finishes: the level of detail and quality is unprecedented. Putting all of those elements and features together has really been the source of our success. These buyers are also modernists, so they did like the contemporary design.”
The New York Times, December 27, 2013
“Rising demand and a record shortage of apartment listings set the stage for a seller’s market in 2013. But new development stole the spotlight.” Leading this trend: the swanky 56 Leonard, the premier Tribeca condo in NYC. “More than 90 percent of [56 Leonard’s] units were sold within nine months, at an average price of $3,200 a square foot. In June, a penthouse at 56 Leonard went into contract for $47 million, a new high for a condo sale downtown.”
The New York Times, December 29, 2013
Many luxury buildings profess to cater to the rich and famous, but often what sets a condominium project apart is the star power behind the building. “Starchitects” are increasingly imbuing properties with their own personalities and aesthetics. Leading the pack: the masterminds behind 56 Leonard in Tribeca. “The building is more than 90 percent sold after just 10 months of sales and has racked up more than $1 billion.” Some say this could be attributed largely to Herzog & de Meuron, the Swiss personalities (Tate Modern, Beijing Olympic Stadium) behind the design of the widely acclaimed building.
Departures, Jan/Feb 2014
The latest trend amongst tastemakers is a race to the top: buy a luxury condominium in Manhattan, claim the highest view, and cement bragging rights. As international buyers are looking not only for a fashionable home but a safe place to invest their money, “real estate has become currency,” according to Izak Senbahar, developer of Herzog & de Meuron’s 56 Leonard in Tribeca. The so-called ‘Jenga building’ has uptowners clamoring for a piece of downtown real estate, and the foreign market nipping at their heels. Asian, Russian and South American buyers are all scrambling to obtain the choicest apartments in the toniest neighborhoods. Per Senbahar:”New York has become a safe piggy bank…and its sexy. You can only look at gold, but you can enjoy real estate.” And right now few buildings have more sex appeal than 56 Leonard.
The Hollywood Reporter, December 5, 2013
Privacy is one very important consideration for celebrities when searching for luxury condominiums in NYC. The Hollywood Reporter recently covered how New York City realtors are meeting the demands of their L.A. clientele. What are they searching for? Kelly Kennedy Mack suggests, “Young Hollywood is gravitating toward downtown, and the No. 1 neighborhood is Tribeca. It has the best dining but is also more intimate-feeling, and cobblestone streets are less flocked by paparazzi. The 60-story 56 Leonard is the tallest building in Tribeca. Your only views are the birds and the clouds. There’s something very king-of-the-world about it.”
The New York Times, November 04, 2013
The real estate market in New York City has a long and storied history with the well-heeled international buyer. But due to the extravagant buildings currently under construction–with 56 Leonard leading the pack–a wealthy foreign clientele is joining Americans in plunking down Manhattan roots like never before. 56 Leonard, the beloved “Jenga building,” has seen enormous success, and is 92 percent sold after a matter of mere months. A penthouse on the 60th floor sold to an anonymous buyer in a record price for downtown.
The Real Deal, October 08, 2013
“The eighth and last full-floor penthouse condominium at 56 Leonard is up for grabs. Izak Senbahar’s 60-story tower in TriBeCa is close to $1 billion in sales.” One TriBeCa penthouse remains in this architectural work of art: a 5,500 square foot residence featuring five bedrooms, 14-foot-high ceilings, and 700 square feet of outdoor space with spectacular views of NYC.
Financial Times, September 27, 2013
New York is now home to the world’s highest concentration of billionaires and some 389,000 millionaires. David Kaufman reports on how this new demographic is redefining the city’s prime residential property market.
The most architecturally ambitious project being built in TriBeCa is 56 Leonard, a 60-floor tower designed by Pritzker Prize-winning duo Herzog & de Meuron as a series of translucent cantilevered boxes footed by a gleaming Anish Kapoor sculpture. Its 145 apartments came briefly onto the market in 2008, but sales were derailed by the financial crisis. This March, however, developer Izak Senbahar relisted it at prices almost 20 per cent above 2008 levels. He says that the 820ft-high building is 80 per cent gone, with sales totaling $900m. A 7,800sq ft duplex sold for $47m in June, a record price for a condominium south of Midtown Manhattan, and the last apartment on the market, a 5,489sq ft penthouse, is still available for $31m. With its “brand-name” architects and towering design, 56 Leonard exemplifies the most conspicuous target of Manhattan’s billionaire buyers: ultra-luxurious residential skyscrapers.
Financial Review, September 12, 2013
In New York, “Demand [for new construction] is expected to continue to outstrip supply for some years,” according to Gordon Hoppe of Corcoran Sunshine Marketing Group. And nowhere is this more evident than ultra-luxury condominium properties. Specifically, 56 Leonard Street in TriBeCa has moved close to 90% of its inventory, with a penthouse selling over the typically slow summer months for $47 million. High net worth individuals from around the globe are flocking to New York with its burgeoning market and international design appeal, and 56 Leonard, designed by famed architects Herzog & De Meuron, clearly delivers.
Wall Street Journal, July 11, 2013
Remeniscent of the golden days in New York real estate, buyers in the luxury condominium market are back to buying “sight unseen.” Lavish buildings across New York and Miami are pulling out all the marketing stops to allure potential buyers to purchase homes before they’ve even seen a model apartment. The residences at 56 Leonard Street in TriBeCa are leading the trend with “80% of the 145 units under contract since presales launched in March.” According to co-developer Izak Senbahar, “a penthouse has gone to contract for $47 million, a record for downtown Manhattan…”
Wall Street Journal, June 26, 2013
56 Leonard is once again commanding attention, and this time it isn’t only because of the striking Herzog and de Meuron architecture. A strong market is ensuring that the ultra-luxury condominiums are selling even more swiftly, and the Tribeca penthouses are breaking records. Well-heeled buyers are clamoring for a piece of the action: from West Village, Chelsea, Uptown and overseas…
Agence France-Presse, June 5, 2013
While other parts of the world are still recovering, the real estate market in New York City is booming. International buyers from around the globe— including South America, the Middle East, China and Russia — are scooping up luxury condominiums at record breaking prices. According to Elizabeth Unger, sales director at Corcoran Sunshine Marketing Group, “The New York market is in a condition of undersupply, particularly for unique and superior new product.” After three months on the market, 56 Leonard in TriBeCa is 75% sold…
New York Post, May 15, 2013
In 2008, 56 Leonard was predicted to become TriBeCa’s signature piece of architecture, and now that prediction will become a reality. The 60-story condominium came back on market this March, and over half of the 145 condos have already sold. As for Trophy apartments, there is still a selection of remarkable Penthouses available with spectacular views of downtown Manhattan.
The New York Times, May 12, 2013
What do New Yorkers most value in a dream apartment? Height, light and unobstructed views, paired with peace and quiet. People are clamoring for exclusive luxury penthouses in the hottest buildings in town, which will ultimately give them the best views of the city and a feeling of tranquility. Residential condominiums are reaching for the sky in Manhattan because a view is priceless.
NY Daily News, May 10, 2013
56 Leonard is set to be TriBeCa’s tallest new condominium, but it also recaptures a sense of childlike wonder. If you remember playing with Jenga blocks, let this be your formal introduction to 56 Leonard, designed by Swiss architects Herzog & de Meuron. This iconic 60-story tower on Church Street is slated for completion in 2014, and is already 70% sold in ten weeks.
The Real Deal, April 2013
Last month, 56 Leonard officially hit the market after a month of pre-sales, with 50 percent of its 145 units already in contract for a total of some $450 million worth of deals.
Sales have been brisk, according to Kelly Kennedy Mack, president of Corcoran Sunshine Marketing Group, the firm marketing the property. In fact, interest in the building has been so strong that Corcoran Sunshine had to hire more staff to handle the volume, she said, and attorneys drawing up contracts for buyers had to bring on extra paralegals.
Bloomberg TV, April 18, 2013
Daniel Neidich, CEO of Dune Real Estate Partners, speaks to Bloomberg News about the success of 56 Leonard…
“We have had unbelievable success in sales, with over $500 million in contracts and another $50M out for signature over a five week period. I don’t think we’re aware of any project that’s ever had that kind of reception in the market. This success is a combination of market recovery, very little availability, and the uniqueness of the product and its exceptional design.”
The Hollywood Reporter, March 27, 2013
Well-heeled New Yorkers are on their way down.
The average asking price for a downtown luxury apartment was $2,777 per square foot in the fourth quarter of 2012, compared to $2,685 per square foot in comparable units above 34th Street. The data, collected by the Corcoran Sunshine Marketing Group and first reported by The Real Deal, is based on a survey of 140 luxury condo and co-op buildings in Manhattan. It showed a 28 percent jump in downtown prices from 2011, while uptown prices remained relatively flat.
The New York Times, May 17, 2013
At 56 Leonard, $450 million in units have sold in three weeks. The slender, 60-story structure designed by the architects Herzog & de Meuron features a sculpture by Anish Kapoor. Among the more distinctive features at 56 Leonard is that no apartment balcony looks up at another balcony, which will appear to dance around the building.
Departures, February 2013
“Six years ago, real estate developer Izak Senbahar enlisted Herzog & de Meuron to design 56 Leonard Street, TriBeCa’s tallest—and most ambitious—building, which finally broke ground.”
New York Observer, February 20, 2013
“It may look like a glass and steel version of wooden Jenga tower, but a piece of 56 Leonard Street will cost buyers considerably more than the $13 Parker Brothers game…The penthouse, just one floor shy of the building’s top unit, clocks in at a sizable 5,252 square feet, and is carved into four, very generously-sized bedrooms. …56 Leonard is by far the hottest project going up downtown.”
New York Magazine, January, 2013
“60 stories in Tribeca, with first-tier architects and a big sculpture by Anish Kapoor out front. It will have 145 units, up to to five-bedrooms, plus ten glass penthouses on top.”
Real Estate Weekly, January 16, 2013
“A $350 million construction loan has put the much-hyped 56 Leonard condos project back on track. Construction of the tower, with its critically-acclaimed design conceived by Pritzker Prize-winning architects Herzog & de Meuron, with development oversight by Hines Interests LP, has re-commenced. Spanning 60 stories, each of the 145 residences will have its own unique floor plan and private outdoor space. Herzog & de Meuron’s daring design will “redefine the American skyscraper archetype while providing spacious, one-of-a-kind living spaces for luxury homebuyersˮ said the partnership.”
The New York Times, July 12, 2012
Behind the scenes, though, there’s been a big push to line up financing for this long-stalled project, which will open a condos sales office by the end of the year, said Kelly Kennedy Mack, whose firm is handling the marketing. With 145 one- to five-bedrooms, the tower was designed by Herzog & de Meuron, which also created 40 Bond. Boutique buildings used to dominate Lower Manhattan, Ms. Mack said, but with 56 Leonard, “we will soon see a new product type, on a grander scale, that will be very architecturally driven.”
New York Magazine, September 12, 2008
“Herzog & de Meuron’s 56 Leonard Street, which, at 821 feet, will be a gangly outlier in the low-slung skyline north of the financial district. It wears its solitude well. Any single floor evokes Mies van der Rohe’s masterpiece of almost-nothingness, the 1951 Farnsworth House, in Plano, Illinois—a transparent slice of space sandwiched between slender white slabs. Here, the architects offer a hectic revision of Miesian asceticism, adapted for a site where the Manhattan grid slackens into Tribeca’s loose weave of streets. They churn out dozens of variations on the Farnsworth idea, then take all those horizontal nests and pile them giddily toward the clouds. The shaft bristles with irregularly arranged balconies. Floor heights vary and the corners keep cutting away. The tower appears to get simultaneously narrower and wider toward the top, where the blocks are fewer but bigger and set more askew. It has a purposefully haphazard look, like a stack of books of different sizes that haven’t been aligned.”
Wall Street Journal, 2008
“The firm has completed more than 100 built projects, and new commissions include a soaring triangular tower that is supposed to become a glowing beacon on the outer periphery of Paris and a philharmonic hall for Hamburg that resembles a melting iceberg. Their first New York high-rise was recently announced, despite the risky real-estate market—a pixilated glass skyscraper for 56 Leonard Street in lower Manhattan. The 57-story tower will have a large stainless-steel bubble by sculptor Anish Kapoor bulging out from the ground-floor lobby.”