Broad Street, TPG Angelo Gordon want to be the next Tribeca condo developer

Everyone wants to be a Tribeca developer. Broad Street Development and its partner TPG Angelo Gordon are the latest players seeking to construct a boutique luxury condo in the Lower Manhattan neighborhood.  The two acquired a 10-story historic building at 139 Franklin Street for about $44 million, according to Broad Street’s Raymond Chalmé. The total capitalization will cost about $100 million and the development will have up to 18 units, Chalmé said.  The terra cotta building was in a prime location and featured 13-foot-high ceilings and an abundance of welcoming natural light. But for decades it was used as a […]This article originally appeared on The Real Deal. Click here to read the full story.