50 Trinity Place’s Foundation Work Progressing in the Financial District

50 Trinity Place, rendering by Peter Poon Architects

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.

Excavation and pilings at 50 Trinity Place are both underway. Photo by Michael Young

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.

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