Trinity Place Holdings Inc (TPHS)

[Enterprising Investor]

Foundation Work Takes Shape at 77 Greenwich, Financial District (7/12/18)

By: Michael Young

Since we last checked up on the Financial District site of 77 Greenwich (aka 42 Trinity Place) last October, excavation has completely wrapped, and foundation work has begun in earnest on the imminently 40-story and 500-foot-tall tower. The project is being designed by FX Collaborative and developed by Trinity Place Holdings.

Looking at the site today, it is an active project with most of the foundation work taking form on the northern half of the property. Large steel horizontal pipes have been added to brace and secure the walls of the foundation from caving in, placed between rows of piles inserted earlier this year.

The Dickey House remains standing as a hollow shell, held up by steel reinforcement bracing. Its exterior will be included in the overall project that calls for a grade school and 7,000 square feet of retail space on the lower floors. The main building will slightly cantilever over the Dickey House thanks to air rights purchased back in March of 2016.

The addition of the grade school on the building’s main podium allows the residential units to begin 150 feet above ground level, above the Dickey House, and enabling substantive water views for future occupants.

77 Greenwich Street will be clad in glass on three sides, with its northern face predominantly faced in masonry. Nearby, 50 West Street, 125 Greenwich Street, and 68-74 Trinity Place are all either rising or recently completed. At 77 Greenwich there will be 90 units in all, offering expansive views of the Financial District to the north and east, the Hudson River to the west, and the harbor and Battery Park to the south.

Completion is expected around the latter half of 2019.

https://newyorkyimby.com/2018/07/foundation-work-takes-shape-at-77-greenwich-financial-district.html