Tribeca New Developments: 5 Projects Buyers Should Watch

Tribeca has very few vacant lots left, so the next wave of Tribeca new developments is coming from buildings that are already standing: a vacant city office tower, a century-old warehouse, a corner on Broadway that sat empty for years. Five projects will shape what buyers can actually purchase in the neighborhood over the next few years. Two are true conversions, one is a ground-up condo tower already rising, one is a proposed supertall facing a fight, and one is a distressed site that just changed hands. Here is where each stands as of September 2026, and what it means if you are buying in Tribeca.

Tribeca new developments at a glance

Only one of these five is expected to open sales this year. The rest run from 2027 to well past the end of the decade.

• 101 Franklin Street (250 Church Street): office to condo conversion, 73 residences as reported, sales expected to open this fall, completion expected in 2028.

• 139 Franklin Street: a 1909 warehouse becoming up to 18 condominiums, construction financing closed in July 2026.

• 65 Franklin Street: a new 24-story condo tower at Broadway, about 106 residences, sales slated for 2027.

• 310 Greenwich Street: a proposed 1,090-foot residential tower at Independence Plaza, with the developers targeting approvals by mid-2027.

• 267 Broadway: a five-story Art Deco building sold for $30 million in May 2026, with previously approved plans for a 45-story condo and hotel tower.

1. 101 Franklin Street: a vacant office tower becomes 73 condos

The most advanced conversion in Tribeca is 101 Franklin, the 1948 office building at 250 Church Street. The city's Human Resources Administration moved out in 2017, and the building sat empty for close to a decade. Skylight Real Estate Partners, Cannon Hill Capital Partners, and TPG bought it for roughly $100 million in 2024, according to Hoodline.

The plan adds four floors to the existing 17-story structure, taking it to 21 stories and about 251,000 square feet with 73 condominiums. The Tribeca Trib described it as Lower Manhattan's first residential conversion made possible by the City of Yes zoning changes. Steven Harris Architects designed a hand-laid brick facade with industrial windows, and Rees Roberts + Partners is handling interiors.

The mix runs from two to five bedrooms, and 14 residences have private outdoor space. That is the detail to focus on. Private outdoor space is hard to find in Tribeca's loft stock, and we expect those 14 units to draw the most early interest.

Corcoran Sunshine is running sales, which were expected to open quietly once the Attorney General's office accepts the offering plan. Pricing has not been released. The obvious benchmark is 56 Leonard Street, one block away, where pricing has run $3,000 to $4,000 per square foot, as reported.

2. 139 Franklin Street: a 1909 warehouse becomes boutique condos

At Franklin and Varick, a 10-story warehouse built in 1909 for a food importer, and most recently used for self-storage, is being converted into up to 18 condominiums. Broad Street Development and TPG Angelo Gordon paid $43.5 million for the building in 2025. In July 2026 they closed a $71 million construction loan from affiliates of Apollo, per amNY.

The building sits in a landmarked historic district, and the Landmarks Preservation Commission approved the plan in January. Rawlings Architects is behind the conversion design and Ryan Korban is designing the interiors. The residences are three to five bedrooms, with private outdoor space.

Roughly 56,000 square feet split among no more than 18 homes means large layouts and very few units sharing the building. This project speaks to the buyer who would otherwise wait for a full-floor loft to surface in an older co-op and then face a board. Here the product is new, the ownership is condo, and the building is still a piece of Tribeca's warehouse history. For a sense of how that combination has held value, look at resale in converted buildings like 443 Greenwich Street.

3. 65 Franklin Street: a new condo tower on Broadway

The corner of Franklin Street and Broadway was vacant for years. Sky Equity Group, an affiliate of the Rabsky Group, is now building a 24-story condominium there designed by COOKFOX Architects. The tower rose above grade this summer and is backed by a $320 million construction loan from G4 Capital Partners, as reported by 6sqft.

Reporting puts it at about 106 residences starting on the fourth floor, with one- and two-bedroom layouts on the lower levels and a penthouse on the 24th floor. The facade is molded, hand-laid brick with a run of arches that picks up the masonry and metalwork of the older buildings along this stretch of Broadway. Amenities include a pool, sauna, Pilates studio, fitness room, library, landscaped garden, and automated parking with a porte-cochère.

Sales are slated for 2027, with completion expected in 2028. The unit mix points to a lower entry price than Tribeca's full-floor lofts, which makes this the project to watch if you want new construction in the neighborhood without buying at the very top of it. The building is also all-electric, which keeps it on the right side of the city's Local Law 97 emissions limits as they tighten over time.

4. 310 Greenwich Street: a proposed 1,090-foot tower at Independence Plaza

The largest and least certain project is at Independence Plaza. Stellar Management and Vornado Realty Trust have filed plans for a 72-story, 1,090-foot residential tower on a parcel near Greenwich and Harrison Streets, designed by Morris Adjmi Architects. New York YIMBY reported 976 units in the filed tower plan, including an affordable component of about 251 units in the primary scheme.

The developers say the tower is as-of-right and does not need ULURP, the city's public land use review. Opponents, including Councilmember Christopher Marte, argue it does, and a community coalition told the Tribeca Trib it has retained a litigator. The developers' own timeline targets approvals by mid-2027, construction starting in early 2028, and about four years of building after that.

This is not a near-term purchase. It matters if you are paying for a view in north Tribeca or near the Hudson. A tower this tall would change sightlines for a number of nearby buildings, so ask about it before paying a premium for a south or west exposure in the area.

5. 267 Broadway: a distressed site with an approved tower plan

At 267 Broadway, between Warren and Chambers Streets, the Rabsky Group paid $30 million in May 2026 for a five-story Art Deco building that had been stuck in a long foreclosure. The prior owner defaulted on a mortgage of roughly $25 million, and the loan ended up with the FDIC after Signature Bank failed in 2023, as The Real Deal and Hoodline reported.

The site already carries approved plans for a 45-story condominium and hotel tower overlooking City Hall Park. Rabsky has not said whether it will build that plan or file a new one. It is the same group behind 65 Franklin, a short walk up Broadway.

Two Rabsky towers on the same stretch of Broadway would turn the eastern edge of Tribeca into a real new development corridor. For now, 267 Broadway is a site to watch, not a unit to buy.

Also on the radar: 65 West Broadway

Prosper Property Group and HM Group USA bought the empty lot at 65 West Broadway, on the corner of Warren Street, for $24 million in July 2026, per The Real Deal. The site had sat undeveloped for nearly a decade. No plans have been announced, but it is one more corner that will not stay empty.

How to buy new construction in Tribeca before it is built

Buying preconstruction in New York works differently from buying resale. These are the points we walk every buyer through before they sign.

• No contracts until the offering plan is accepted. A sponsor can market a building, but it cannot sign contracts until the Attorney General's office accepts the offering plan. Early interest lists carry no legal priority.

• Read the offering plan, not the brochure. Square footage, finishes, the building's projected budget, and the sponsor's right to make changes are all spelled out in the plan.

• Negotiate closing costs. In New York new development, the sponsor's transfer taxes and attorney fees are commonly passed to the buyer. That is negotiable, especially early in a launch or late in a sellout.

• Price in the timeline. Several of these projects are not expected to finish until 2028 or later. Your deposit sits in escrow the whole time, and your mortgage rate is not locked that far out.

• Compare against resale. A new unit at 101 Franklin should be judged against what a similar apartment at 56 Leonard or 111 Murray Street trades for today.

• Weigh conversions on their own terms. Converted buildings bring loft proportions and solid construction, but older structures can come with column placement, uneven ceiling heights, and window limits set by Landmarks.

What Tribeca's pipeline means for buyers

The through-line is scarcity. Nearly everything coming to Tribeca is either a conversion of an existing building or a tower on one of the last open corner sites. Of the five projects here, 101 Franklin is the only one expected to open sales in 2026, and 65 Franklin is slated for 2027. The rest are years away or still in dispute.

That keeps near-term supply thin at the top of the market. The best-positioned homes in each launch, the ones with private outdoor space, full floors, or open views, will move first. If one of these buildings fits what you want, the advantage goes to the buyer who has done the homework before sales open. For the full picture of the neighborhood's existing condo buildings, see our Tribeca buyer's guide.

Work with Elevated

Elevated advises buyers on Tribeca new development, from reading an offering plan to weighing a preconstruction price against resale at buildings like 56 Leonard. With $2B+ in lifetime closings, including $500M+ sold off-market, we can tell you what a launch is really worth before you sign. Get in touch.