+
Mukesh Ambani Buys Tribeca Building in New York for $17.4M
Real Estate

Mukesh Ambani Buys Tribeca Building in New York for $17.4M

Mukesh Ambani, India’s richest man, has reportedly purchased a building in New York City’s Tribeca neighbourhood for $17.4 million, two years after selling his two-bedroom condo in downtown Manhattan for $9 million.
The property, located at 11 Hubert Street, had been vacant for a decade, despite previous owners’ ambitious plans to convert it into a single-family mansion.
RIL USA, the US arm of Reliance Industries Limited, acquired the building for slightly less than the $20 million tech billionaire Robert Pera, chairman and CEO of Ubiquiti, paid in 2018. After acquiring it, Pera engaged architect Eric Cobb to submit plans for a 17,000-square-foot mansion, which was never realised.
In 2021, Pera listed the property along with approved designs, including Cobb’s and an earlier one from Maya Lin Studios, for $25 million. The listing described it as “an exceptionally rare offering for an end user to build a single-family mansion in an A+ location in the heart of Tribeca.”
Cobb’s proposed design featured a full-floor primary suite with adjacent workspace, an NBA-sized half basketball court, a double-height living room with courtyard access, a formal dining room with a bar, and more. Maya Lin’s concept imagined a 20,000-square-foot megamansion with seven bedrooms, 5,000 square feet of outdoor space, a half-Olympic swimming pool, and a breakfast room, among other amenities.

Mukesh Ambani, India’s richest man, has reportedly purchased a building in New York City’s Tribeca neighbourhood for $17.4 million, two years after selling his two-bedroom condo in downtown Manhattan for $9 million.The property, located at 11 Hubert Street, had been vacant for a decade, despite previous owners’ ambitious plans to convert it into a single-family mansion.RIL USA, the US arm of Reliance Industries Limited, acquired the building for slightly less than the $20 million tech billionaire Robert Pera, chairman and CEO of Ubiquiti, paid in 2018. After acquiring it, Pera engaged architect Eric Cobb to submit plans for a 17,000-square-foot mansion, which was never realised.In 2021, Pera listed the property along with approved designs, including Cobb’s and an earlier one from Maya Lin Studios, for $25 million. The listing described it as “an exceptionally rare offering for an end user to build a single-family mansion in an A+ location in the heart of Tribeca.”Cobb’s proposed design featured a full-floor primary suite with adjacent workspace, an NBA-sized half basketball court, a double-height living room with courtyard access, a formal dining room with a bar, and more. Maya Lin’s concept imagined a 20,000-square-foot megamansion with seven bedrooms, 5,000 square feet of outdoor space, a half-Olympic swimming pool, and a breakfast room, among other amenities. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code