11 West 13th Street in July 2025, ahead of construction. © Ondel Hylton
The tallest building in Greenwich Village is moving forward. Construction financing was secured last week for a new luxury condominium at 11 West 13th Street, a planned 30-story tower with 34 residences that will rise well above the neighborhood’s next tallest buildings. Despite backlash from preservationist groups, which filed a zoning challenge with the Department of Buildings, the project is moving ahead, after developers Legion Investment Group and EJS Group secured $190 million in construction financing last week.
Developers have tapped Kohn Pedersen Fox (KPF) to design the tower, which will be 538 feet tall, roughly 200 feet higher than the neighborhood’s current tallest buildings, Georgetown Plaza and Hilary Gardens, according to CityRealty. The building sits off of Fifth Avenue, just south of Union Square.
The project’s financing package includes a $140.075 million senior mortgage loan from Bank OZK and $50 million in mezzanine financing provided by CanAm Enterprises. Legion and EJS purchased the site, previously occupied by vacant office space, for $57 million in 2024, as reported by Our Town.
The development is being marketed as a rare condo tower offering unparalleled privacy and exclusivity in one of Manhattan’s most sought-after residential areas.
“Greenwich Village remains one of New York City’s most resilient residential markets,” Victor Sigoura, founder and CEO of Legion, said. “This financing from Bank OZK allows us to advance a rare development opportunity.”
“We are confident this project will build upon our track record of enhancing Manhattan’s most historic neighborhoods with design-forward, landmark developments”.
Excavation is currently underway, with completion expected in 2027.
Sales will be exclusively handled by Corcoran Sunshine Marketing Group and are expected to launch in mid-2026.
The project is moving forward despite backlash from Village Preservation, which in October urged the city’s Department of Buildings (DOB) to reject plans for the tower, calling it “appallingly out of scale” for the site and surrounding neighborhood, according to Our Town.
After plans were filed in October, the Village Preservation urged the DOB to reject plans for the tower. The group also rejected the developers’ claims that the plans follow “City of Yes” zoning reforms.
In a letter to former DOB Commissioner James Odo sent last year, zoning specialist George Janes argues that the project violates ZR-35-61, a housing code guideline that sets minimum street wall base heights—essentially claiming that the building’s facade is out of step with the character of surrounding structures.
Both Janes and Village Preservation executive director Andrew Berman also said that the proposal has “too much residential floor area” and that some of it has not been properly accounted for, putting the project out of compliance with zoning laws.
Finally, the two argue that the developer’s zoning application includes a “deficient” zoning drawing (ZD1), a visual illustration of the proposed structure accompanied by a summary of how it complies with zoning regulations.
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