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December 13, 2013- The NY Post is reporting that Leonard Street is the new coveted address in Tribeca, “For the American buyer, Leonard is a much trendier, cooler street than Broadway,” says Della Salla. “For the foreign buyer it might be different.” ….And Bizzi isn’t the only developer to forsake a Broadway address for one on Leonard Street. The Peebles Corporation is turning 346 Broadway — a McKim, Mead & White-designed 13-story building with both Broadway and Leonard Street entrances — into 108 Leonard, which will consist of “110 to 140 condo units,” according to the CEO of the Peebles Corporation, Don Peebles.”
Why this street is so coveted is a mystery. While the buildings are pre-war and sturdy, the views are the worst possible. Who wants to live on a narrow canyon street? Well, lots of people with big bucks do, apparently. Welcome to Tribeca real estate.