New Luxury Residential and Retail Development Designed by CetraRuddy

HAP Investments, a leading New York-based real estate investment and development company, today announced the groundbreaking for 65 Franklin Street, a new luxury residential and retail development in Tribeca.

The 19-story, 110,000-square-foot building will feature 41 well-appointed condominium residences, along with a highly visible retail component on Broadway. The project is scheduled to be completed in 2022.

“65 Franklin Street is surrounded by boutique shops, restaurants, art galleries, and nightlife, making it a highly coveted location in the heart of downtown Manhattan,” said Eran Polack, CEO-NY & Co-Founder of HAP Investments. “Despite the near-term impact from COVID-19, we are confident Tribeca will recover and become more desirable than ever.”

In addition to its prime location, 65 Franklin Street is in close proximity to a number of major subway lines as well as the West Side Highway, providing easy access to anywhere in New York City.

“I am extremely proud of everyone who is working on 65 Franklin Street, and their extreme effort and dedication to the project during this very challenging time,” Eran Polack said.

CetraRuddy is the architect of record for the development. Noble Construction serves as the general contractor. A construction loan was provided by G4 Capital Partners, and a mezzanine loan by Quinlan Development Group.

ABOUT HAP INVESTMENTS

HAP Investments is a New York City based real estate investment group that specializes in the development of residential and commercial properties. HAP works with private investors to create profitable investment opportunities that have a strong prospect for long term upside profits. Formed by longtime Partners and entrepreneurs Eran Polack, Amir Hasid and Nir Amsel, the HAP team brings together a skilled group of businesspeople with broad experience in the global real estate markets, property development, real estate finance and law. For more information, visit www.hap-ny.com.