Iris TriBeCa (SERHANT. New Development)
In the years following the attacks of 9/11, Tribeca has gone from the Financial District’s funky sibling to one of Lower Manhattan’s most exciting neighborhoods. The Tribeca Film Festival recently announced the feature and short film lineup for the 2022 festival. Digital art museum Hall des Lumieres is expected to open at 49 Chambers Street, the condo conversion of Emigrant Industrial Savings Bank, later this summer. Celebrity chef Daniel Boulud’s latest venture, Le Gratin, is set to open in The Beekman Hotel on May 6, 2022; until then, New York's highest concentration of fine dining establishments includes Jungsik, Bâtard, Atera, Tamarind Tribeca, and CUT, Wolfgang Puck's first Manhattan restaurant, to name but a few.
Tribeca is also home to some of the city’s most in-demand real estate. CityRealty data shows that prices per square foot have steadily climbed since 2003, and that Tribeca sold the highest number of apartments on record in 2021. Just last week, a high-floor home at the Robert A.M. Stern-designed Four Seasons Private Residences had the top sale at $11.6 million; on the contracts side, a pavilion residence in The Woolworth Tower Residences, one of the city’s most prestigious condominiums, entered contract with an asking price of $23.355 million.
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Google Streetview of Iris TriBeCa
Located on the same block as these powerhouses is Iris TriBeCa, as 19 Park Place has just been renamed by its new sales and marketing team, SERHANT. New Development, and in-house branding team ID Lab. The building launched sales before the pandemic; more recently, it has been rebranded and relaunched sales with prices have adjusted approximately 8% lower than even their 2014 prices - e.g., the two-bedroom #13A is priced at $2.55, down 14% from the $2.95 million it was asking in 2014. One-bedroom unit #5B was asking $1.495 million in 2014, and now has a sticker price of $1.45 million.
Current listings start at $1.15 million for studios, $1.35 million for one-beds, $2.35 million for two-beds, and $3 million for three-beds. At an average price of $1,801 per square foot, the building comes in below the Tribeca average of $2,038 per square foot (per CityRealty data), offering (somewhat) easier access to a hot neighborhood.
“Iris TriBeCa pays homage to the tall, slender quality of the building while also alluding to its brightness and beauty” - Jennifer Alese, Director, SERHANT. New Development
The 21-story Iris TriBeCa was helmed by developer ABN Realty. Its design by Ismael Leyva Architects is among the city’s more slender towers (nothing on 111 West 57th Street, but a standout in Lower Manhattan) and features soaring corner windows and rounded balconies on the north and south sides, allowing all 24 half- and full-floor units to enjoy private outdoor space.
Iris TriBeCa benefits from a central Lower Manhattan address only one block from the greenery of City Hall Park. In addition to being located near the luxury shopping of The Oculus and Brookfield Place, the building is close to more practical retail like Bed Bath & Beyond, Whole Foods, and Target. Families will appreciate its proximity to top-performing public schools like PS 234. The Chambers Street A/C, the Park Place 2/3, and the City Hall R/W trains are on surrounding blocks, and the Fulton Street transportation hub is a short walk away.
↓ The building is located in a bustling part of Lower Manhattan, but a sound-dampening wraparound curtain wall and high-density acoustic engineering in the flooring make for a peaceful living experience.
Photos of SERHANT. / by Donna Dotan
↓ The modern infrastructure includes smart home-ready wiring, central heating and air conditioning, and in-unit washer/dryer.
↓ Open-concept living/dining spaces are flooded with natural light from argon gas-filled windows that offer sound insulation and UV ray blockage.
↓ Open kitchens feature eat-in islands or peninsulas, polished Italian statuario marble countertops and backsplash, and top-of-the-line appliances by Wolf, Sub-Zero, and Viking.
↓ Primary bedrooms have walk-in closets.
↓ Primary baths feature radiant heated floors, custom vanities, hydronic towel warmers, rain showers, and free-standing soaking tubs.
↓ Residents arrive to an atrium-style attended lobby with hand-crafted light and sculptural designs.
↓ Iris TriBeCa is located near some of the neighborhood’s top fitness studios, but there is a gym in the building.
↓ A landscaped courtyard garden offers an oasis of relaxation.
↓ Additional amenities include a lounge with screening area, heated sidewalk, cold storage, and private storage available for purchase.
↓ A studio’s living area has frosted sliding glass doors that allow for a one-bedroom layout. It is listed for $1.15 million.
↓ A one-bedroom is listed for $1.35 million.
↓ Two-bedrooms start at $2.35 million.
↓ A three-bedroom is listed for $3 million.
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