56 Leonard Street

56 Leonard Street is an 821ft tall, 57-story skyscraper on Leonard Street in Tribeca, New York City, United States. Herzog & de Meuron describes the building as "houses stacked in the sky." When completed, it will be the tallest structure in Tribeca.The building has 145 condominium residences priced between US$3.5 million and US$50 million. Residences will range in size from 1418to and will include 2 to 5 bedrooms all with private outdoor space.As of May 2013, 70% of the building had sold. According to building developer Izak Senbahar, the building was 92% sold in seven months. In June 2013, a penthouse at 56 Leonard went into contract for US$47 million, making it the most expensive residential property ever sold below Midtown Manhattan.The building is expected to be completed in 2016. Due to its cantilevered balconies it has been nicknamed as the Jenga building by the media.HistoryAlexico Group’s Izak Senbahar purchased the land and the air rights in 2007 from the New York Law School for US$150 million. Construction began that same year. Foundation work on this tower began in 2008, but was shut down before the end of the year when the project was put on hold. After nearly four years, construction finally resumed in October 2012.In 2013, the developers secured a US$350 million loan from a syndicate led by Bank of America.