Dec
27
NYC Mixed-Use Development Secures $190M Loan
ByTrinity Place Holdings has begun construction on 77 Greenwich St., which will include luxury condos and a long-awaited public school for Lower Manhattan.
Trinity Place Holdings Inc. (TPHS) has secured $189.5 million in construction financing to develop 77 Greenwich St., a 300,000-square-foot mixed-use property in Manhattan.
When completed, the development will consist of 90 luxury condominiums and a public elementary school. The project’s hard costs are 93 percent “bought out” and are managed under a gross maximum price construction contract…
