A new hotel is about to begin rising at 50 Trinity Place, and it will stand approximately 35 floors. The project’s developer had been Sam Chang — who had commissioned a Gene Kaufman design — but the site was sold in 2012. A series of permits were filed in 2013, and it seems the site may be creeping back to life, with workers spotted this week.
50 Trinity Place — image via Hotel Management
50 Trinity Place will be on the larger side for new budget hotels in the Financial District, though its size won’t translate into any appreciable charm; the building’s appearance will be rather Spartan, lacking any apparent detailing. While budget hotels are typified by mundane architecture, the antecedent structure was small, but clad in terracotta — its replacement could at least give a slight nod to the area’s history.
50 Trinity Place
Trinity Place is seeing some major changes this decade; besides 50 Trinity, redevelopment will soon begin at 68-74 Trinity Place, which will be demolished to make way for a new mixed-use project. Though the loss of the original structure will be a shame given its ornate, pre-war detailing, at least that building’s Pelli Clarke Pelli-designed replacement will be appealing.
Despite the lack of permits, demolition of the old structure at 50 Trinity Place is complete, and excavation appears to be imminent.
50 Trinity Place: FIT Investment Corporation has filed applications for a 29-story, 188-key hotel building of nearly 72,100 square feet spanning the vacant lots of 50-52 Trinity Place, in the Financial District. The size of the building has been slightly reduced from earlier proposals, and Peter Poon is designing.
New York has no respect for old things. It’s inconceivable that So Low is being allowed to raze gorgeous old buildings on 57th. The same holds true for the Philistines who razed 29-31 W 57th across the street and let it sit empty for years.
Excavation and pilings work are underway at 50 Trinity Place in the Financial District, where a 28-story Aloft Hotel will soon rise. The corner property will yield 77,310 square feet and 173 rooms, with seven to eight rooms per floor. There will also be a ground-floor restaurant adjacent to the main lobby, as well as a fitness center on the second floor for hotel guests. The project is designed by Peter Poon Architects and developed by FIT Investment Corporation, which purchased the Lower Manhattan property for $15 million from Sam Chang in 2012.
A recent shot shows a number of machines working in the tight space.
50 Trinity Place is located at the western corner of Trinity Place and Rector Street, diagonally from Trinity Church and a short walk from the World Trade Center, Wall Street, and the Battery Park waterfront. The construction site itself is quite small, necessitating excavation and pilings work to proceed simultaneously in close quarters. Foundations will likely finish before the end of the year, and the reinforced concrete superstructure should begin to rise above street level in the first half of 2020.
A completion date for 50 Trinity Place has not been announced, though late 2020 or early 2021 looks probable.
Must be financing related. This is very slow, excavation was suppose to be back in 2014, and not really that far off into foundation in 2020. Yeah usually the case is either financing related or negotiations/legal related from other case studies. Tends to be the general trend with parcels like these, and prolonged delays.
Yeah lol. If this doesn’t rise, wouldn’t phase me at all. It sucks that all the crap rises, but gems like 45 Broad are sleeping at the moment. Such an ideal location, yet we get basura like this project.
