Aaron Appel, vice chairman at JLL
NEW YORK CITY—The Vanbarton Group is converting 15 Laight St., the former home of the Tribeca Film Festival, into a boutique office building. Located where Tribeca, SoHo and Hudson Square converge, the area is considered prime downtown real state. Paramount Group is providing a $141 million loan to finance the construction.
The approximately 100,000-square-foot building has more than 300 feet of frontage along Laight and Varick streets and St. John's Lane. Vanbarton is planning a gut renovation of the existing structure, updating the building systems and adding a new architectural design by Gensler.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
