42 Trinity Place Saves History, But Not Affordability

The rear facade of 42 Trinity Place, aka the Robert and Anne Dickey house.

The real estate boom pushes the New York City skyline ever higher, but its relentless pace has come at the cost of history. The Robert and Anne Dickey house could’ve been the next tragedy, but the Landmarks Preservation Commission voted to save the structure in 2005 (thanks to zealous advocacy). Ephemeral New York covers the structure’s extensive history. The historic building will be integrated into the new construction.

Approaching 42 Trinity Place from Exchange Alley, it’s easy to overlook the historic structure. It’s shrouded in protective material and hopelessly adrift in a construction site. But what a history. The building dates back to 1809-1810, when the urban landscape was still mostly confined to lower Manhattan. Personally, I had no idea the building was a piece of history until after my visit. I found it curious that so much construction was happening all around, but great pains were being taken to preserve the structure. As for the 40 story structure, let’s take a look:

  • Floor count: 40 as per DOB filings.
  • Owner: TPHGreenwich Owner LLC as per ACRIS. The 42 Trinity/67 Greenwich property was purchased in February 2015. There is no affordable housing regulatory agreement filed for the property.
  • Tax incentives: according to the latest property tax bill, (August 2017) there does not appear to be any tax incentives attached to the property. This could change as the property develops (but unlikely).

Why unlikely? Because this enormous structure, topping out at about 503 feet, and 40 stories, will only have 90 units. In all likelihood, this new residential building will be pure luxury, and no affordability – although at least it saved some history. The building will also accommodate a school and retail on its lower floors.

The original structure, lower right, integrated.
The front facade, aka 67 Greenwich Street.

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