Chetrit bought the PoS at 100 Trinity and the equally repugnant 90 Trinity in 2006 or 2007 from NYU. Both buildings house public high schools for thugs. I lived and worked by there for a very long time, and it’s not a good crowd.
Fortunately, the Dep’t of Ed’s/NYC Juvenile Prison System’s lease ends soon. Something good will rise here.
“…two adjacent buildings housing two city high schools are on the block and could fetch between $60 million and $75 million.
James Kuhn, president of Newmark Knight Frank is handling the marketing and did not return calls for comment.
The Department of Education’s leases at 90 Trinity Place and 100 Trinity Place run out over the next two to four years, and with schools in short supply in the area, could be renewed.
But the trick is that the buildings, which abut the American Stock Exchange, total 175,000 feet and include an additional 75,000 feet in development rights.
They could therefore be torn down or renovated with the extra space and then turn residential or office.”