177 Franklin Street

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177 Franklin Street
177 Franklin Street
Interactive map of 177 Franklin Street
General information
TypeCommercial
Location Manhattan, New York, United States
Coordinates 40°43′8.976″N74°00′34.056″W / 40.71916000°N 74.00946000°W / 40.71916000; -74.00946000
Construction started1887
Completed1888;138 years ago (1888)
Renovated2018;8 years ago (2018)
Technical details
Floor count6
Design and construction
ArchitectFrederick Jenth
DeveloperWilliam Grupe
References
[1] [2] [3] [4] [5] [6] [7]

177 Franklin Street is a historic six-story commercial building located on Franklin Street between Hudson and Greenwich streets in the TriBeCa neighborhood of Manhattan in New York City. [7] [3] Frederick Jenth designed the building for William Grupe; construction started in 1887 and was finished the next year. [7] The structure was originally designed as a five-story building; a sixth story was added in 1890. [7] [8]

The building has a neo-Grec façade composed of a one-story base and a five-story upper section. [7] Some surviving historic features include a pressed metal cornice, prominent brick-and-stone lintels, a brick corbel table, wood sash windows, and cast-iron piers from the Lindsay, Graff & Megquier foundry, [9] as indicated on two clear foundry marks. [7]

History

William Grupe retained ownership of the building from its completion in 1889 until 1910, when he sold it to famed politician Peter G. Gerry, [10] which Gerry later sold to a building tenant in 1919 as he decided to further pursue his political career. [11]

Throughout the beginning of the twentieth century, the building was occupied by Newark Cheese Company and Sante Foods. [12] The China Brilliance Corporation began occupying the space in the late 20th century. [13]

Glad Tidings Tabernacle bought the building in 2008, with the hope of moving its headquarters to the address. After spending millions to renovate, the Tribeca Community Board refused to allow the church to install a 6-foot-tall, 30-inch-wide copper cross, [14] [15] prompting the church to sell the building in 2011 to Steven Alan’s Bedrock Brands in an effort to re-launch Tom Kartsotis’s lifestyle brand, Shinola. [16] Two years later, Shinola opened its New York flagship office in the building, where it remains today. [17] [18] [19]

In April 2020, during the height of the COVID-19 lockdowns, 177 Franklin Street was sold once again, historically making it the only recorded mid-market investment sale in New York City that month. [20]

References

  1. ↑ Brown, Mariah (March 30, 2020). "TriBeCa Office Building, Shinola Flagship Changes Hands". Globe St. Retrieved November 9, 2020.
  2. ↑ Rizzi, Nicholas (March 27, 2020). "Tribeca Building That Houses Shinola Flagship Sells for $17M". Commercial Observer . Retrieved November 9, 2020.
  3. 1 2 Brown, Mariah (March 31, 2020). "TriBeCa Historic District Property Gets New Ownership". Globe St. Retrieved November 9, 2020.
  4. ↑ "Shinola Flagship Goes on the Block". Connect New York Commercial Real Estate News . March 26, 2018. Archived from the original on November 18, 2020. Retrieved November 9, 2020.
  5. ↑ Khan, Bilal (June 24, 2011). "Tribeca Mansion Has Room for Your Cars, Oversized Crucifixes". Curbed NY . Retrieved November 9, 2020.
  6. ↑ Steele, Lockhart (January 23, 2009). "The Curious Case of Tribeca's Kiboshed Copper Cross". Curbed NY . Retrieved November 9, 2020.
  7. 1 2 3 4 5 6 "TriBeCa Historic District Designation Report" (PDF). New York City Landmarks Preservation Commission.
  8. ↑ "177 Franklin Street (New York City, New York)". Wikimapia. Retrieved November 9, 2020.
  9. ↑ "Lindsay, Graff / & / Megquier / 622 E. 14 St. N. Y." Walter Grutchfield. Retrieved November 9, 2020.
  10. ↑ New York Times, February 4, 1910, “Grupe Estate Sells Building.” Pg 13
  11. ↑ New York Times, September 26, 1919: “Tenant Buys on Franklin Street” Pg 23
  12. ↑ https://nycrecords.access.preservica.com/uncategorized/IO_b3632223-3178-42cb-a716-11372ae2e25d/
  13. ↑ https://tribecacitizen.com/2018/10/09/tribeca-then-and-now-the-unknowns-part-3/
  14. ↑ https://www.amny.com/news/tribeca-wont-have-big-cross-to-bear-with-new-church/
  15. ↑ https://ny.curbed.com/2009/1/23/10549092/the-curious-case-of-tribecas-kiboshed-copper-cross
  16. ↑ https://www.wsj.com/articles/SB10001424052970204394804577012023506783862?st=Joneei&reflink=article_copyURL_share
  17. ↑ https://www.nytimes.com/2013/08/22/fashion/the-next-branding-of-detroit.html
  18. ↑ https://www.hodinkee.com/articles/first-look-shinola-flagship-store-opens-in-new-york-city
  19. ↑ https://www.wmagazine.com/story/shinola-new-york-store
  20. ↑ https://therealdeal.com/new-york/2020/04/20/and-then-there-was-one-mid-market-i-sale/


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