65 Franklin St. commences vertical construction; design by COOKFOX

Manhattan, NY Sky Equity Group, the New York City-based real estate development firm founded by Simon Dushinsky, has commenced vertical construction at 65 Franklin St., an upcoming luxury condominium in the Tribeca neighborhood. With foundation work complete, construction has now advanced above grade, and the 24-story tower is rising above the corner of Franklin St. and Bdwy. The building broke ground in April and sales are slated to launch next year.

“We’re pleased to reach this important construction milestone at 65 Franklin St. as we continue expanding our condominium portfolio in Manhattan,” said Simon Dushinsky, founder and CEO of Sky Equity Group. “As the building rises above grade, we’re excited to see our vision take shape. Thoughtfully designed to complement Tribeca’s distinctive architecture and historic streetscape, 65 Franklin will be a meaningful addition to the neighborhood while delivering an exceptional residential offering for future homeowners.”

With architecture and interiors designed by COOKFOX Architects, the acclaimed architectural studio known for its sustainable design, 65 Franklin St. will offer 106 residences ranging from one- to five-bedroom homes. Reflecting Tribeca’s rich heritage, the building will feature a hand-laid brick façade with landscaped loggias, while the residential interiors will have natural materials and refined color palettes. Residents will have a curated collection of amenities, including a swimming pool, private porte-cochère entrance, and available parking. The development will also introduce prominent retail space along Bdwy., highlighted by 22-ft. ceilings at the ground floor, as well as additional retail frontage on the second floor and along Franklin St., further activating the surrounding streetscape.

Last year, Sky Equity Group secured a $320 million construction loan with G4 Capital Partners for the ground-up condominium. Sky Equity Group also acquired 65 Franklin St.’s neighboring site, 59 Franklin St., from Bonjour Capital and air rights from 361 Bdwy., a landmarked building across the street, for the development. Following a restructuring and recapitalization with HAP Investments in 2025, Sky Equity Group became the project’s sole developer.

Situated in the heart of Tribeca, known for its world-class dining and renowned art galleries, 65 Franklin St. will place future residents at the center of the neighborhood’s vibrant cultural scene. In addition to offering proximity to downtown’s restaurants and social clubs, 65 Franklin is surrounded by Tribeca’s luxury boutiques and world class gastronomy, including world-renowned decorative arts purveyors along Franklin Street and such Michelin star restaurants as One White and Atera. Tribeca’s parks and the Hudson River waterfront are also nearby.

This milestone follows the topping out of the firm’s first Manhattan condominium, 260 East 72^nd St., a 20-story building on the Upper East Side designed by Peter Pennoyer Architects, in June and reflects Sky Equity Group’s continued expansion in Manhattan’s luxury condominium market. 65 Franklin further strengthens the firm’s growing residential portfolio across New York City and South Florida.