Foundation work has partially reached street level at 50 Trinity Place in the Financial District, the site of a new Aloft Hotel. The first half of the ground-floor slab has been formed, while the eastern half has yet to catch up. Bundles of steel rebar for the columns can also be spotted standing vertically on the property. Located diagonally across from Trinity Church at the corner of Trinity Place and Rector Street, the project is designed by Peter Poon Architects and is being developed by FIT Investment Corporation, which purchased the Lower Manhattan site for $15 million in 2012.
New photos peering through the construction fence show the state of progress. A construction crane will likely arrive at the site sometime in the next several weeks.
The project will yield 77,310 square feet of newly built space divided into 173 hotel rooms. The hotel will include a ground-floor restaurant and a guests-only fitness center on the second floor.
50 Trinity Place encompasses a rather small footprint situated on a narrow, rectangular-shaped corner plot of land. This has made the early phases of excavation and foundation work challenging, but progress should speed up once construction goes vertical. The location at the southern tip of Manhattan is accessible by a number of transit hubs and close to several notable landmarks and tourist destinations.
Work on 50 Trinity Place is expected to finish next December.