Sale of 346 Broadway closes, to become luxury condos

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346 BroadwayDecember 12, 2013- Rather than make a much needed new school, the city sold 346 Broadway to real estate moguls. The Commercial Observer reports, “The Peebles Corporation has closed on the $160 million purchase of 346 Broadway in Tribeca, making it the largest single building sale in the New York City Economic Development Corporation’s history,…Plans under consideration include a roughly 15,000-square-foot community space, characterized by visual arts and planned as an outlet for emerging artists, luxury condo units, a potential five star boutique hotel and personalized parking spaces.”

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