174 Duane Street top

A teaser site is out of the bag for Tribeca conversion 174 Duane Street.

The Colonnade Group is developing the property between Hudson and Greenwich streets, which will be reimagined as three condominiums, The Real Deal reported. Andre Kikoski is designing the project, named 174 Duane Park in reference to Duane Park across the street. There will be a retail unit at street level.

Built in 1871, the Italianate/Neo-Grec loft building was originally designed by Schulze and Schoen. The developer will reconfigure the interiors, redesign the storefront infill, remove a fire escape, alter the rear facade and create a rooftop penthouse addition. The proposal, approved by the Landmarks Preservation Commission in Summer 2013, will entail a new storefront with glass doors, large transom windows with thin metal framing and Corten steel at the perimeter. The new rooftop level will have sliding glass doors at both the front and rear, with Corten steel framing the doors and cladding at the side facade.

The developer acquired the mixed-use property in May 2013 for $11.5 million, Department of Finance records state. At the time of sale, the 25-foot-wide, four-story building measured approximately 9,000 gross square feet and contained three residential units and one retail store, according to Massey Knakal, which handled the deal.

The condo offering plan was approved in May. Douglas Elliman will be marketing the property.

Completion is anticipated for Fall 2015, according to on-site signage. Construction shots from today below:

174 Duane Street sign

174 Duane Street 1

174 Duane Street 2

174 Duane Street 3

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