Megalith Capital Management receives landmarks approval for 6 Cortlandt Alley in TriBeCa

Megalith Capital Management and its joint venture partner Imperial Development Group, have been granted approval from the New York City Landmarks Preservation Commission for development of a condominium building located at 6 Cortlandt Alley in the TriBeCa neighborhood. "We are excited about the opportunity to participate in the rapid transformation of the Broadway corridor in eastern Tribeca," said Vishal Arora of Megalith. "Eastern TriBeCa has become one of the most desirable areas in lower Manhattan." The developer will convert one of east TriBeCa's oldest landmarked buildings into five loft condominiums. The project will be a unique offering that combines amenities sought after by discerning Tribeca buyers while retaining the exclusivity of a boutique building. "We are enthusiastic to deliver authentic 3 and 4 bedroom luxury floor-through and penthouse units that include substantial outdoor space," said Ryan Kaplan of Imperial. "The entrance on Cortlandt Alley will provide homeowners privacy reminiscent of a London mews or a West Village side street." Construction and sales are expected to commence later this year. Marketing for the project is being handled by Stribling & Associates.