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Tribeca landmark lofts to become luxury condos.

Work is scheduled to begin in October on a conversion of the landmark loft building at 152 Franklin Street to seven luxury condominium residences and a roof garden.

The property was acquired recently by Hans Moench, and is being developed by his 152 Franklin Street Development Company.

Scheduled for completion in March, 1993, the gut renovation of the seven-story structure will create six 4,000 square foot three-bedroom apartments, each of which will occupy a full floor, and a penthouse.

According to Raymond White, a principal of Platt + White, architects for the project, the red-brick and aqua-painted cast-iron facade of the building, which was erected in the late 1880's, will be completely restored. The restoration will conform to the requirements of the New York City Landmark Commission.

New trees in planters on the sidewalk in front of the building and new sensor controlled exterior lighting will enhance the site.

The Grid Corporation is serving as general contractor for the project.
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Title Annotation:building at 152 Franklin St., New York, New York to become condominium
Publication:Real Estate Weekly
Date:Oct 7, 1992
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