By Carter B. Horsley
The handsome property at 25
Murray Street in TriBeCa occupies the full blockfront on Church
Street between Murray and Warren Streets. It contains 74 residential
condominium apartments that were priced initially from about $950,000
to $2,800,000 and range in size from 1- to 4-bedroom units.
A development of TriBeCa Mews
LTD, which is associated with Thurcon Properties, the building
has a two-story stone façade with rustication on the first
floor and rusticated quoins at the corners and around two center
bays on Church Street. The retail base on Warren Street has a
deep, arched arcade.
The 12-story building has a
red-brick façade on Church Street between the third and
sixth floors and two setbacks above the sixth floor. The 6-story
base is quite handsome although the setback roof addition is very
boxy and bland.
It has a three-step-up entrance
with glass doors leading into a very large and interesting lobby
with red-brick walls and flooring and several large architectural
elements recalling 19th Century industrial buildings in the area.
The building is one block to
the west of City Hall Park and is convenient to public transportation
and numerous restaurants.
An article by Carl Glassman
in the May 2, 2008 edition of the TriBeCa Trib noted that "after
more than seven years of construction, the building was completed
six months ago." "It is an assemblage of five buildings,
topped by a massive addition, that all together make up an imposing
complex. Corcoran first began marketing the apartments in Spring
2006. Since then, buyers in contract have been left waiting and
wondering when they might move in. Many could wait no longer and
pulled out of their contracts," Mr. Glassman wrote.
An article July 7, 2008 by
David Jones in therealdeal.com said that "the developer of
a long-delayed TriBeCa condo building is slated to face three
angry buyers - including the daughter of World Trade Center developer
Larry Silverstein - in court on July 2," adding that "the
suit alleges that the developers Brad Thurman and his father,
Harold, delayed closings dozens of contracts...so that frustrated
buyers would back out of their
agreements." The article said that the suit alleges that
"the developers then planned to take advantage of the thriving
Downtown loft market and resell the units at highter prices."
The article said that Lisa Silverstein, a senior vice president
at Silverstein Proeprties Inc., had signed an agreement in August
2006 to purchase four apartments on the 9th floor of the building
for about $6 million. The article said that the developer "vehemently
denied the charges."