Located on the border of two of downtown’s best neighborhoods, SoHo and TriBeCa, and within strolling distance to the Hudson River, Renwick Street is an anomaly: An under-developed and practically unknown block surrounded by some of the most expensive and in-demand real estate in New York City. Some big plans for 15 Renwick Street dissolved when the economy soured, but now that the high-end market is soaring again in Manhattan, a comeback is in the cards. The Real Deal reports today that New York-based residential real estate firm Izaki Group Investments has taken control of the development site, and has tapped CORE to head sales and marketing at the property. (The two are already working together on the condo conversion of TriBeCa’s 93 Worth Street.)
A boutique condominium development will break ground this fall, and CORE CEO Shaun Osher added, “We are very excited to be working on another project with IGI on one of the last remaining undeveloped lots in this exciting neighborhood.” We’ll have more details on 15 Renwick Street in the months ahead.