Here's The Next High Rise Coming To TriBeCa

FINANCIAL DISTRICT, NY — A six-story building in TriBeCa is being demolished to make way for yet another FiDi high-rise, according to city records.

Contractors were issued a permit to completely demolish a building on Greenwich Street in TriBeCa last month, according to records from the city's Department of Buildings. The Tribeca Citizen was first to report news of the building's coming demolition. (For more information on this and other neighborhood stories, subscribe to Patch to receive daily newsletters and breaking news alerts.)

The existing building, located at 537 Greenwich St., was built in 1909, according to the Tribeca Citizen. The property's owner has plans for it to become a 30-story high-rise, joining a slew of fancy new buildings that have populated Lower Manhattan in recent years. The real estate development agency Cape Advisors bought the development rights for building for $5 million earlier this year. Cape Advisors also plans on giving the building a new address at 110 Charlton St.

A spokesperson for Cape Advisors did not immediately respond to questions from Patch about the building's future, but a rendering for the building is listed under the "residential" section of the Cape Advisors portfolio.

Lead image credit: Drew Angerer / Staff / Getty Images News; secondary rendering courtesy of Cape Advisors.