TRIBECA

Atherton, California has the nation’s highest median home sale price.

New condo tower pushes Tribeca boundary even farther east.

Automated parking systems could be major revenue stream for co-ops and condos.

Sometimes the board’s lawyer needs to play bad cop.

Condo residents ordered to remove “Hillary for President” sign from their window.

A condo board successfully sues a dishonest purchaser.

Apartment sellers should clear the air before closing on a sale.

A lower Broadway wreck is reborn as luxe condos.

Staples of New York City life are shuttered to make way for more luxury condos.

It rose on lower Broadway in the 19th century as headquarters for the New York Life Insurance Co. More recently it housed New York City Criminal Court. In 2013, this 13-story, 419,000-square-foot behemoth became the single largest building ever sold by the City of New York – for the princely sum of $160 million.

Now it’s being converted – shocker! – into luxury condos.

Miami-based Peebles Corp. has secured a $334 million construction loan from Bank of America to convert the structure – also known as the Clock Tower Building – into 151 condo apartments, plus a 7,210-square-foot communal facility and 2,200 square feet of commercial space, reports Commercial Observer. The conversion is being designed by Beyer Blinder Belle, with a penthouse apartment that will include the building’s iconic rooftop clock.

The building is a city landmark and is also on the National Register of Historic Places.