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88 Leonard Street: Review and Ratings
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Carter Horsley's Building Review Carter Horsley
Dec 23, 2011
63 CITYREALTY RATING

Carter's Review

This grey-brick, 21-story rental apartment building at 21 Leonard Street at Broadway opened in 2007 and contains 352 apartments.

According to a May 2, 2006 article in the TriBeCa Trib by Barry Owens "the developer of 88 Leonard Street, Leviev Boymelgreen, received $112.5 million in tax-free Liberty Bond financing, which requires that five percent of the building's units meet affordable housing requirements. Under the 421a exemption, the developer also got a tax break of more than $750,000. The report said that only 17 units would be set aside for families earning less than $105,000 per year."

The large, L-shaped building, which is also known as 341-7 Broadway, has a circular swimming pool, a gym, a 200-space garage, a concierge, a doorman, a roofdeck, a garden, a lounge with a fireplace, tenant storage, a spa terrace with outdoor whirlpool, a 4,200-square-foot community facility, and 7,200 square feet of retail space on the ground floor.

The building, which has an entrance marquee and a two-story-high lobby, some balconies and some terraces and discrete air-conditioning units, was designed by Costas Kondylis and Partners LLP.