New York Times - October 1998

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14 Lofts at 140 Franklin St., from $ 1.65 Million to $3.95 Million

The whirr of machines can still be heard in the workshop of a manufacturer of parts for electric pumps on the sixth floor of the 1887 building at 140 Franklin Street in Tribeca. But the pumps will soon depart as part of a $ 10 million renovation that will turn the Romanesque Revival building at the corner of Varrick Street, with its weathered yellow brick and cast-iron detail, into a 14-loft luxury condominium building by the end of next year.

The design, by Sanba Inc. of Manhattan, includes contemporary lofts ranging from 3,021 to 6,226 square feet, with prices expected to range from $ 1.65 million to $ 3.95 million. "We're going to keep the structure of the original building but we will add structural soundproofing between apartments and floor-to-floor for privacy," said Aldo Andreoli, an Italian-born architect and president of Sanba.

The firm now occupies the building's fifth floor. The project architect is John Furth Peachy. "I wouldn't be surprised if some people would want to combine units," said James Lansill, vice president and associate broker at Stribling-Wells & Gay, the sales agent. "Kitchens and plumbing won't block that."

A 6,226-square-foot loft that has 27 windows will share the second floor with a 3,950-square-foot loft; each upper floor will have three apartments. A rooftop penthouse addition to the six-story building, awaiting approval from the city's landmarks Preservation Commission, is planned to be part of three duplexes.

Kitchens are being designed in conjunction with Varenna, an Italian kitchen maker. Bathrooms will have Italian glass mosaic tile.

Argo International, a maker of parts for electric pumps, had owned and occupied the entire building. Its headquarters will remain on the ground floor. The building's original architect was Albert Wagner, who designed it for the Walton Company, a maker of wrapping-paper. It resembles, at smaller scale, the Puck Building, at 295 Lafayette Street, also designed by Mr. Wagner. ⊕

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