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New York

Looking back: Trinity Church to sell much criticized residential holdings

Varick Street, where Trinity Corporation owned property
Varick Street, where Trinity Corporation owned property

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From the February issue: The Trinity Corporation, the landlord for Trinity Church, announced plans to exit the residential ownership business on the west side of Lower Manhattan in 1909, 104 years ago this month. Under pressure from the media and city government, Trinity — which held commercial and residential properties valued at about $30 million around the time — had been criticized for more than a decade for owning small residential properties in slum conditions in the area. [more]

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