Tribeach will continue to grow by remaining focused on prime properties, by identifying the unique development potential of each, and by leveraging the experience and creativity of our team throughout the life-cycle of the project. Setting the highest standards for its development projects, Tribeach delivers excellent value to end-users as well as significant returns to investors.
Tribeach’s site acquisitions to date could be described as complex, even bold. Some required patience and perseverance while others needed quick decision-making and expeditious financing. However, as our record indicates, we have always bought well based on a price-to-location basis. Our sites have preserved their value and appeal through good economic times or bad, and, more often than not, have substantially increased in value as Tribeach rezoned or developed them. Tribeach seeks to uncover a wealth of unrealized opportunity within a broad spectrum of real estate properties.
WAWEL SITE, RESIDENTIAL
Tribeach negotiated the purchase of these properties that were once used for the industrial production of a prominent Polish chocolate company. Well located across from the newly-built Galleria Kazimierz along the Vistula River, the site is just a 15-minute walk from Krakow’s Market Square. While the negotiated contract allowed the company to relocate the production, it also gave Tribeach the time to successfully change the zoning of the site from industrial use to residential and commercial-retail use at grade. A three-times multiple appreciation in value allowed Tribeach to trade the site undeveloped.
46TH STREET, MIXED-USE DEVELOPMENT
NEW YORK CITY
A complex acquisition of five adjoin parcels and air rights from two neighboring buildings in the City of New York. The site is located on the northwest corner of 46th Street and 8th Avenue, one block west of Times Square. Tribeach succeeded to acquire one of the city’s premier corner lot assemblages where many larger development firms had fails by using its own equity, patience, and creative solutions. Several holdover residential and retail tenants added to the impasse created when the two families who owned the properties could not agree on the price or when to sell.
25 BOND STREET, RESIDENTIAL
NEW YORK CITY
The contract to purchase an existing three-level parking garage, located in a trendy manufacturing district bordering a quaint landmark district, was negotiated to allow for rezoning. Tribeach successfully changed the zoning through a variance with the Board of Standards and Appeals that required review and input from the Landmarks and Preservation, City Planning Commissions and the local Community Board. The approval increased the property value by permitting the building to be a mixed-use with residential apartments, ground floor retail and underground parking.
Using bold and imaginative solutions, the Tribeach team has the capability to envision each project from a broad array of perspectives. The complementary nature of the partnership enables the team to navigate the labyrinth of city agencies, such as City Planning (zoning) and the Landmark Preservation Commission, with acuity, bringing complex deals swiftly to completion. The company prides itself on its ability to troubleshoot, and welcomes the challenge of addressing all possible options. Whether revitalizing an historic landmark or starting from ground zero, Tribeach is acutely aware of the pivotal role planning plays in reconceiving the rich texture of urban spaces, where past and future stand side by side.
In close proximity to the city center, train station, and cultural and educational hubs, the five-hectares site was acquired from a branch of the Polish Military. Unlike most city center sites, this area had never been intensely built up. Though not without challenges — given the conservative architectural approach of the local urban authority —Tribeach obtained the approval of a master plan, which included 12 buildings and 120,000 m2 of residential, office, hotel and other commercial retail, after retaining international urban planners Cunnane Stratton Raynolds / MakeUse and architects HKRV.
19 BEACH STREET, RESIDENTIAL
NEW YORK CITY
This site gave Tribeach its name and a successful start in real estate development. Securing an option to buy the site — subject to rezoning and planning approval — the partners designed and applied for a variance with NYC Board of Standard and Appeals to change the zoning from manufacturing to residential use. The application was approved and included an increase in the buildable area by 40%. A few years later, the NYC Planning Commission re-zoned the entire neighborhood, designating it the Special Tribeca Mixed Use District, which today is one of the most desirable residential areas in the City.
Skotniki neighborhood, named after the 19th-century fort, is located 8 km from the city center on a direct path of growth toward a university and several industrial centers. The original 18 hectares of unused farm land acquired by Tribeach offered considerable potential for higher-density development while also supporting community needs for both open space and local services. Tribeach developed a compelling master plan to rezone the land using historical, ecological and local linkages to create viable and successful neighborhoods. The area has been incorporated in Krakow Master Plan.
No matter the context, Tribeach buildings deliver the highest quality of thoughtful design and fastidious execution. We, along with our consultants, are highly cognizant of the locations that we select and the type of product that we envisage will best suit the market. Each residential project combines a modern sense of simplicity and spaciousness with substantial and luxurious finishes and details. The commercial projects are efficient while flexible, and the company stays on top of the latest technology and consumer trends. Located in famously vibrant neighborhoods, our buildings have met with aesthetic and financial success.
A former municipal power plant, built in the year 1904, was transformed into contemporary residences. W19 modernizes and merges the former historical structures without compromising the integrity of their design, and incorporates the latest technologies for a highly efficient building. Three architectural firms collaborated on the design: Obo Architekci and Tekton from Poland, and Berg + Moss Architects from the U.S. The challenges of restoring and preserving the original details were appreciated by buyers who were attracted to the uniqueness of each apartment and the industrial design heritage.
Boarded by the cast-iron treasures of Green Street and the Belgian cobblestones of Wooster Street, the newly designed façade is both understated yet distinctive using a combination of metal cladding and brick masonry. Built as a ‘bookend’ to an entire city block with generous layouts and floor to ceiling windows, the project delivers amazing light and unobstructed views — there are no rear-yard exposures. Each unit has a modern sense of simplicity and top quality finishes that can gracefully accommodate a personal touch. Two corner retail spaces with high ceilings and great storefront presence complete the project.
While designing the conversion, Tribeach’s team — lead by Berg Flynn Architects — worked to preserved the building’s light-filled floors and utilitarian character. The units, which include two amazing penthouses with generous terraces, remain true to the loft ideal with open-plan kitchen/living rooms and a streamlined aesthetic. All lofts boast at least 12-foot ceilings, most rooms are corner units, and each residence enjoys direct elevator access to a spectacular roof terrace. The industrial building was completely gutted and upgraded with residential finishes, including efficient Marvin windows and ValCucine kitchens.
Tribeach had to balance the need to preserve the historic craftsmanship while also adopting a streamlined 21st-century sensibility of modern living. The six-story brick façade was magnificently restored, including cast-iron piers and brick-laying detailing. The luxuriously proportioned duplexes and triplexes — some with up to four bedrooms and four baths — seamlessly integrate clean, modern elegance with a rough-hewn charm from the building’s original industrial design. Sleek, state-of-the-art appliances and elegant fixtures are harmoniously juxtaposed with exposed columns and beams.
Our partners’ background in construction and architecture explain the successful execution of every development regardless of complexity, location, or type. Generally, Tribeach monitors third-party consultants and contractors, but have the capacity to fill in any gaps or take over at any stage and fulfill construction services, including constructability analysis, cost estimating and tracking, detailed project scheduling, bidding and construction management. This hands-on approach ensures timely completion within projected budgets and quality control.
Tribeach’s conversion of this former municipal power plant into a mixed-use building won its Krakow office the First-Place Award in the prestigious "Construction of the Year" competition organized by the Polish Association of Construction Engineers and Technicians and the Ministry of Investment and Development in the Building Restoration category. Construction challenges included low load-bearing soil — which required over 800 piles of soil and the underpinning of existing walls — and creative logistics plans, as the footprint of the existing and new structures covered the entire property.
Tribeach provided development services to Riu Group, including advisory services for the construction of the thirty-story structure. Tribeach helped coordinate the design team, consultants, general contractor and Riu’s legal team, and managed the complex approval process with NYC administrative agencies. The project required four new-building applications with the Department of Buildings. It was erected next to the subway and two landmark buildings, which required comprehensive surveying and monitoring. Tribeach was involved in all phases of construction throughout completion and commissioning.
The new cast-in-place concrete building occupies the entire lot. Because it was erected on the busy vehicular and pedestrian part of West Houston Street in Soho, it required inventive planning. The mat foundation was installed over H-piles and a Geosyntetics HDPE liner with fusion welded seams. Attention was paid to details, including consideration to the air quality of common areas, soundproofing transmission of the walls separating the apartments, and installation of efficient lighting and fixtures. To deliver uncompromising quality, a model apartment was fitted on site to fine-tune the design and finishing details.
Spacerowa was the first phase built by Tribeach in Skotniki after rezoning the farm land. The project offered efficient semi-detached houses at a competitive price point. Because it planned to build 150 units and to control the cost, Tribeach formed its own construction management team, which included in-house architect and sales representative. The team seamlessly managed trade contractors and suppliers, coordinated the utilities and infrastructure approvals and installation, and marketed, sold and commissioned the units while also helping to advance the infrastructure work for the next phases.
MARKETING & MANAGEMENT
Tribeach’s expertise and ability to identify and secure projects in prime locations enhances the sale value of the real estate and secures the long-term viability and cash flow for the assets retained and managed upon completion. Our edge comes with working architecturally and conceptually at the same time. The operation cost and functionality of buildings are evaluated from the initial concept, and the inputs from marketing and sales agents are incorporated early in the design process. The marketing materials reflect developer’s attention to details and quality and commitment to accurately representing the end product.
The site benefits from expansive frontage on Wawrzynca street and two private alleyways. When combined with the architectural character of the buildings, the results are unique spaces and opportunities for various commercial uses at the ground floor. The Tribeach team designed the ground floor units to equally suit multiple uses — such as a café, high-end beauty spa, restaurant, or tattoo artist accessories store — which fit right into the historically rich neighborhood of Karzimierz. This neighborhood has seen a cultural and economic renaissance and an increase in foot traffic since the fall of Communism.
158 WOOSTER, RETAIL
NEW YORK CITY
The premier location and commercial exposure of a full city block frontage on West Houston — between Wooster and Green Street — should have made the retail spaces in this new development the easiest units to market and lease. It became a challenge when the Soho market was affected by the US financial meltdown in 2008. Tribeach’s approach was to maximize income by attracting high-quality tenants and fine tuning the marketing. Offering a reasonable fit-out package allowed Tribeach to identify and attract the right tenants, and made it possible to negotiate without compromising the value of the lease.
Tribeach successfully exported its branding and selling experience from New York, but calibrated to appeal to local buyers. Beginning at the conceptual stage, Tribeach tracked the trends and incorporated the feedback of local selling agents such as Leach and Lang. Brooklyn-based Alan Hill Design, a constant Tribeach collaborator, partnered with Polish firm Millarc to create the marketing materials and fashioned a subtle but high-quality visual presentation that was refreshing for the Krakow market. The result was a reduced advertising budget and correct pricing of the units, which sold without discounts.
Tribeach worked with the local architects from D’Art-Project to reconfigure the outdated one-bedroom duplex apartment concept. The original stair connection to the attic floor was re-created, eliminating all duplexes and generating additional usable space, including the ground floor breakfast room and restrooms. The resulting hotel rooms are spacious and take advantage of the large windows and generous ceiling heights, and the attic rooms are charming with exposed wood beams and columns. The interiors have been individually designed and playfully decorated by local designer Beatrice Bajko.