BNY Mellon finishes $8.1M single-floor rehab of Tribeca office

Bank of New York Mellon, on January 27, formally completed an $8.1 million rehab of one floor of an office building at 101 Barclay in Tribeca.

The plans, pre-filed on April 25, 2019, call for a rehab of the 12th floor of the 348-foot tall, 23-story building.

The project is described in the filings as: installation of interior non-bearing partitions and related finishes on the 12th floor. No change in use, egress or occupancy. The initial cost as reported in the DOB filing for the work described in this permit application is $8,091,243.

The property was acquired for $352 million on September 26, 2018 from NYC. BNY Mellon had originally acquired the ground lease for the building in 2013 for $164.4 million, before eventually purchasing the building entirely.

In October of 2020 the bank wrapped up a $4.6 million rehab of cafeteria space on the 16th floor of the building.

Direct link to Acris document. LINK

Direct link to DOB document. LINK