Broad Street Development (BSD), a privately held, New York-based real estate developer, investor and operator, in partnership with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG Inc., has acquired 139 Franklin Street, a vacant 10-story, historic building located in the New York City’s Tribeca neighborhood. The venture will redevelop 139 Franklin into a boutique, luxury residential condominium within the original building envelope.
“The acquisition of 139 Franklin Street - the first of many projects in our pipeline that BSD plans to undertake – provides us with the perfect canvas to create one of the best residential properties in this historic Tribeca neighborhood,” said Raymond Chalmé of BSD. “Through our hands-on approach and exciting partnership with TPG Angelo Gordon, we will duplicate the great success we’ve had with other condominium projects in historic Manhattan neighborhoods, including 40 Bleeker Street and 215 S
