With buffed hardwood floors, a fireplace in the living room, marble in the bathrooms and Silestone in the kitchen, the 2,200-square-foot, full-floor apartment on West Broadway looks exactly like the luxury condo it was meant to be. The furniture is plush and neutral, original artwork hangs on the walls, there is a Wii console hooked up to the flat-screen television and, when the sights of TriBeCa’s bustle from the second-floor windows are not enough, there is a planted, furnished roof deck upstairs, with views stretching from the Empire State Building to ground zero.
The project, called TriBeCa Twelve, is a collaboration between Hazelden, the Minnesota-based network of rehabilitation centers, and the Columbia University psychiatry department, and it represents an unusual resolution for a high-gloss condo development that went belly up.
The apartments did not go to buyers at fire-sale prices or to a new developer, nor did they simply stand vacant until the economy rebounded. Instead, the project is becoming a sober residence that combines a clinic and treatment programs solely for a college population.
Hazelden looked at about 35 properties in New York, said Ann Bray, vice president for strategic initiatives, and purchased the building for just under $8.3 million last year, according to property records.
And read the follow-up, in which the NYT asks:
Have you or has someone you know been in rehab or a similar situation and found the temptations of city life hard to resist? Or do you think that treatment centers need not be remote to be effective? Please share your thoughts and experiences.
h/t Stanton Peele