The Real Deal New York

Developers downsize plans for 42 Trinity Place

Trinity Place Holdings’ FiDi condo tower receives a haircut and a new name
January 27, 2016 09:31AM

UPDATED: Jan. 27, 4:26 p.m.: The developers of a planned super-tall tower at 42 Trinity Place in the Financial District have downsized the condominium – which will rise 500 feet, about half of earlier projections.

Trinity Place Holdings finalized the plans for the former Syms complex, where earlier renderings showed a 1,000-foot tower, although Trinity disputed the accuracy of those plans.

“There were a lot of fun rumors,” said Trinity Place Holdings President and CEO Matthew Messinger. 

According to the New York Post, which first reported the news, the project now known as 77 Greenwich Street will span 285,000 square feet with 7,000 square feet of retail. It will also house a 472-seat elementary school, which will occupy the building’s first nine stories. Amenities include a roof deck, bike storage and pet spa.

Current plans call for roughly 85 units, but Messinger, a former Forest City executive, said that number could “bounce around modestly.” The tint of the glass walls on the outside of the building could also change.

He declined to disclose pricing for the project, which has an anticipated completion date of 2019. The Marketing Directors is handling sales.

The LEED-rated building was designed by FX Fowle and Deborah Berke Partners is designing the interiors. [NYP] – E.B. Solomont