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