Manhattan’s biggest office landlord is making a fresh play in Tribeca, with SL Green stepping in to run leasing at 15 Laight Street after investing in the property through its debt vehicle and landing an asset-management assignment. The move pairs SL Green with Hyundai Motor Group, which owns the newly redeveloped, roughly 109,000-square-foot building. The Laight Street tower, built on the former Tribeca Cinemas site, is being pitched to tech, creative and financial tenants looking for outdoor space and modern workplace systems.
In a press release via SL Green Realty Corp., the company said it secured the asset-management assignment and launched leasing at 15 Laight Street after making an investment through an affiliate of its $1.3 billion property-debt platform. According to the release, SL Green’s Green Property Services will oversee both leasing and operations as the building is brought to market.
Hyundai’s Purchase And The Record
Hyundai paid in the mid-$200 millions for the eight-story property in February 2023, according to contemporaneous reporting, with a deed recorded at $273.5 million. PropertyShark records confirm the February 15, 2023 closing and the recorded price. The building was redeveloped by the Vanbarton Group on the site of the former Tribeca Cinemas.
What 15 Laight Offers Tenants
The owner is marketing 15 Laight as a boutique Class A office property, with outdoor terraces on every floor, oversized windows and health-forward infrastructure. “We are bringing it to market at exactly the right moment,” SL Green said in its release as it begins outreach to prospective tenants. The company notes that select floors are available immediately.
Who’s Involved And Who’s Looking
CBRE’s Doug Middleton represented the ownership in the earlier sale, and CBRE’s Ryan Alexander is slated to oversee leasing alongside SL Green’s Steven Durels, according to reporting. The Real Deal also reports that Hyundai never moved into the property and that the partnership has already attracted interest from several large technology firms.
A Tighter Manhattan Market
Timing is key. Colliers’ Q4 2025 Manhattan report shows annual leasing climbed to about 41.9 million square feet last year, the strongest yearly total since 2019, while availability of top-quality space tightened. Colliers data indicate that well-finished, amenity-rich properties in neighborhoods such as Tribeca and Hudson Square are seeing growing demand.
With SL Green’s Green Property Services teaming up with CBRE to co-market the tower, brokers say the building could lease up quickly if tech and creative tenants choose to expand downtown. Current marketing materials show suites in the roughly 11,000- to 18,000-square-foot range and immediate availability for mid-sized floors, according to commercial listings. Metro-Manhattan lists available space and contact information for tours.
