56 Walker

Tech-smart Tribeca project 56 Walker Street is due for a reboot.

The 1866 cast-iron loft building, first constructed for fancy goods merchant Joseph Bayley, will offer “highly automated” units, The Real Deal reported. Developer Six Sigma has replaced light switches with iPod touch screens that control several functions in every room. In addition, kitchen cabinets and drawers will have touch sensors instead of regular handles, while rain sensors will automatically shut windows upon detecting precipitation.

Douglas Elliman’s Eklund Gomes Team will market the apartments, which will range between 3,000 and 5,000 square feet in size, according to The Real Deal. Construction is slated to wrap up by the end of this year.

Carlyle Designs, which is crafting the interiors, gave a glimpse inside the development on Instagram:

 

According to a Facebook post from Fredrik Eklund, the development will have smoked mirrors, wood paneled ceilings and three different types of marble:

 

In the early 2000s, the building was home to an organization called International News Net World Report, which produced 30-minute programs broadcast on satellite television, the New York Times reported. In 2003, Guy Morris, a board member of International News Net, purchased the building for $3 million, with plans to add a floor, create condos on the upper levels and sell the new apartments to cover construction costs and help fund the media organization’s programs.

However, a loan agreement signed in 2007 by Morris led to foreclosure proceedings. Morris claimed that lenders Broadway Bank and Wexford/HPC Mortgage Company did not provide all the money they had originally promised.

Meanwhile, the apartments hit the market in 2008 with asking prices of $2.2 million to $2.999 million, but those listings were pulled in July 2009, according to Curbed. In early 2012, the entire building was offered for sale with an asking price of $11.878 million, with several lis pendens filings on record and without a certificate of occupancy.

In Spring 2013, 56 Walker went on the market again, with a newly increased price tag of $22.5 million. In December that year, the court-appointed trustee for the building asked a bankruptcy court to OK the sale of the property to Six Sigma for $18 million, according to The Real Deal. The building was delivered vacant, with five full-floor two-bedrooms and three-bedrooms. The deal closed in early 2014.

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