The Sterling Mason

Address: 71 Laight Street, New York, NY
Submarket: Tribeca
Size: 137,000 square feet, 34 units
Type: Residential condominiums
Date Acquired: June 2012
Date Sold: Currently owned by Taconic and 97% sold
Property Website: thesterlingmason.com

In June of 2012, Taconic acquired two adjacent properties, a landmarked warehouse originally constructed in 1905 at 401 Washington Street and a parking garage at 412 Greenwich Street, with plans to develop a 137,000-square-foot, 33-unit luxury condominium building. The properties are centrally located within Tribeca, one of New York City’s most desirable residential markets. With the vision of Morris Adjmi Architects, the Taconic team obtained approval from New York City’s Landmarks Preservation Commission to restore and adapt the architecturally significant warehouse and redevelop 412 Greenwich Street as its mirror image. The two sites function as a single condominium building with shared amenities. Development was substantially complete in 2016, and the project is expected to be completely sold out in 2017.

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