other material
confidence high
sentiment positive
materiality 0.70
TPHS commences closings at Jolie (90-unit condo); ~70% homes have TCO, substantial completion early 2022
Trinity Place Holdings Inc.
- Commencement of closings at Jolie, a 90-unit condo at 77 Greenwich Street; pricing starts at $1.5M for one-bedroom.
- As of Sept 30, ~70% of homes have temporary certificates of occupancy (TCO) or TCO pending; full completion by early 2022.
- Amenities designed by Deborah Berke Partners include Cloud Club 77 penthouse lounge, fitness center, and 3,600-sq-ft rooftop garden.
- Company had ~$240.7M in federal NOL carryforwards as of June 30, 2021, reducing future taxable income.