Sky Equity Goes Vertical on Tribeca Condos
Sky Equity Group, the New York City-based real estate development firm founded by Simon Dushinsky, has launched vertical construction at 65 Franklin St., an upcoming luxury condominium in Manhattan’s Tribeca neighborhood. With foundation work complete, the 24-story tower is rising above the corner of Franklin Street and Broadway. 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 Street as we continue expanding our condominium portfolio in Manhattan,” said Dushinsky. “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.”
In 2025, Sky Equity secured a $320-million construction loan with G4 Capital Partners for the ground-up condominium. Sky Equity Group also acquired 65 Franklin’s neighboring site, 59 Franklin St., from Bonjour Capital and air rights from 361 Broadway, a landmarked building across the street, for the development. Following a restructuring and recapitalization with HAP Investments in 2025, Sky Equity became the project’s sole developer.
Where the apartment industry connects. Meet the owners, investors, developers, lenders, brokers, and service providers driving today’s multifamily market at Connect Apartments. Build relationships, uncover opportunities, and stay ahead of what’s nex
Other News
Value-Add Rentals Go for $13M in El Cajon
Marcus & Millichap closed the sale of 229 Shady Ln., a circa-1969, 59-unit multifamily property located in El Cajon. The asset sold for $13.25 million, or $224,576 per unit. “Value-add apartment communities in East County San Diego continue to attract investor interest because of strong renter demand, limited housing supply and opportunities to improve operations...
Learn more
Ottawa Office-To-Residential Conversion Hits Receivership
An Ottawa office building already stripped down for conversion into 143 rental units has been placed into receivership, putting an unusually advanced office-to-residential project into court-supervised restructuring. The seven-storey, 106K-SF building at 495 Richmond Rd. is owned by DOV (495 Richmond) Limited. The Ontario Superior Court appointed Goldhar & Associates as receiver Sept. 17 on...
Learn more
McCourt and Lincoln Secure Approvals for San Francisco Tower Under Two Distinct Plans
McCourt Partners and Lincoln Property Company said Tuesday that the San Francisco Planning Commission has approved plans for 536 Mission St., with the commission signing off on two distinct plans for the project. Designed by Skidmore Owings & Merrill and among the first new towers in San Francisco to receive approval since the pandemic, the...
Learn more
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout