Tribeca Trib - November 1998

On their way to residential conversion, two prominent Tribeca buildings are up for approval November 4 before the Landmarks Preservation Commission. The giant summit Corp.'s warehouse, which occupies about one-and-a-half acres on the east side of Greenwich Street between Hubert and Vestry, has served as the country's largest distributor to Chinese restaurants. Developer Bill Correa plans to convert the building to 70 residential lofts, including four duplex penthouses. The building's unusually large cornice, jutting out six feet from the building, will help hide four 18-foot-high, 3500 square-foot penthouses and their terraces, according to the architect, Ray Gee.

The Delta Marine Co.'s headquarters at 140 Franklin Street, at Varick, is scheduled to begin a $10 million renovation this month that will turn the building into 14 condominium lofts. The company will continue to occupy the ground floor. The developer, architect Aldo Andreoli, estimates that the apartments will sell for an average of approximately $650 per square foot, with a 6,226 square-foot, 27-window second floor loft going for nearly $4 million. A planned duplex penthouse addition requires Landmarks approval. ⊕

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