We are thrilled to announce that ESPINAL|ADLER is now the exclusive broker for 108 Leonard, the stunning 167-home luxury residence born from McKim Mead & White’s landmarked Clock Tower Building in the heart of Tribeca. Using the synergy between Jeff Adler’s qualitative nature and Marie Espinal’s quantitative side, our eponymous duo is the perfect team for the task. “We won’t work on just any new development, but when we did the walk through for this and reviewed our own analysis, we were blown away,” Jeff says.
Most new developments in this neighborhood are conversions of old factories or warehouses from when the city had a large manufacturing base, and 108 Leonard is no exception. What blew us away is how developer El Ad went above and beyond to modernize the building with contemporary amenities and functional floor plans while maintaining the original charm and historic details. Many conversions end up with awkward layouts when all is said and done, not 108 Leonard. That’s what makes it exceptional.
While 167 homes may sound like a sizeable community, the residences exist in three different cores to create a more intimate, boutique, and private living experience that takes great care to pay homage to its architectural roots. Outside, McKim Mead & White’s famous exterior has been meticulously preserved and restored. The striking, oversized arched windows add drama from the street while optimizing natural light within the residences, which can often be an afterthought in New York real estate.
The inside also shows great reverence for the building’s notable history, showcasing the most coveted elements of the original architectural masterpiece, including oversized molding and bold wainscotting. High ceilings (in some cases up to 16 feet) are core to the spacious floor plans while modern design contrasts include chevron-patterned oak floors and a black Calcutta feature wall in the primary bath.
108 Leonard has been outfitted with amenities worthy of its provenance, including a communal roof terrace garden with cabana seating, a serene 75-foot lap pool, a chef’s kitchen with private dining room, and an expansive fitness center with private training and spa treatment rooms.
“The value is there,” Jeff continues. “If you look at a building with this quality in the northwest corner of Tribeca, it’s going to start at $3,500 per square foot. Comparatively, 108 Leonard offers a significant value.”
But you can’t even put a price on one of our favorite points about 108 Leonard: its unparalleled privacy. With a beautifully appointed and fully covered porte cochère that offers driveway access from Leonard Street, you can enter the building before ever exiting the vehicle. (And say au revoir to double parking.) It’s private, but not remote — it’s just a short walk to four parks, SoHo’s boutique shopping, exciting nightlight in the Lower East Side, and a handful of subway stations. Everything you could possibly want is within reach of 108 Leonard.
Jeff adds, “The best part is, you’re still in Tribeca and you get this incredibly beautiful apartment. I’m there every day, showing these units and they’re moving fast. NYC is coming back. Demand is up, but money is still cheap — now is the time!”