In 2013, an affiliate of The Peebles Corporation purchased the largest building ever sold by the city of New York as part of a joint venture.  The building is a late 19th Century landmark. This Renaissance-Revival palace in Lower Manhattan was completed in 1898, and included a thirteen-story addition by the legendary architect architectural firm of McKim, Mead &White, whose designs for the first Madison Square Garden and Pennsylvania Station set the aesthetic standard in turn-of-the-century New York.  In 1987, the exterior and much of the interior spaces at 108 Leonard Street were designated as New York City landmarks. Redevelopment plans for this 400,000-square-foot Tribeca landmark call for a mixed-use combination of luxury condominium residences, a possible boutique hotel, and an approximately 15,000-square-foot community space, along with a parking facility.