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September 02, 2015 6:51 AM ET

Real Estate Management and Development

Company Overview of Trinity Place Holdings Inc.

Company Overview

Trinity Place Holdings Inc., a real estate holding, investment, and asset management company, owns, invest in, manages, develops, and/or redevelops real estate assets and/or real estate related securities in the United States. The company focuses on the monetization of commercial real estate properties and controls intellectual property assets focused on the consumer sector. Its principal asset is Trinity Place property, a property located at 28-42 Trinity Place in Lower Manhattan. The company also owns three other commercial real estate assets, including Paramus, West Palm Beach, and Westbury properties. It also focuses on the licensing of its intellectual property, including its rights to ...

717 Fifth Avenue

Suite 1303

New York, NY 10022

United States

Founded in 1959

6 Employees

Phone:

212-235-2190

Fax:

212-235-2199

Key Executives for Trinity Place Holdings Inc.

Chief Executive Officer and President
Age: 43
Total Annual Compensation: $950.0K
Chief Financial Officer, Chief Accounting Officer, Treasurer and Secretary
Age: 47
Total Annual Compensation: $213.9K
Compensation as of Fiscal Year 2014.

Trinity Place Holdings Inc. Key Developments

Trinity Place Holdings Inc. Executes Long-Term Lease with Walmart Stores

Trinity Place Holdings Inc. announced that it has executed a long-term lease with Walmart Stores for a Walmart Neighborhood Market for its Shoppes at Forest Hill shopping center located at the busy intersection of Forest Hill Boulevard and South Military Trail in the Village of Palm Springs. The Walmart Neighborhood Market, the company’s grocery store format, will occupy 42,000 square feet and become the anchor to the 112,000 square foot center which includes such well-known national tenants as Taco Bell and Boston Market as well as a strong mix of local convenience retail and medical uses. In concert with the Marketplace tenancy, Trinity will refurbish the façade and parking areas. The addition of Walmart to the tenant roster solidifies the shopping center’s institutional quality. The Walmart Neighborhood Market is expected to open in the Spring of 2016 and will bring approximately 95 new jobs to the area. The store will provide the Village of Palm Springs residents with low prices on a broad assortment of merchandise including fresh produce and meats, frozen foods, groceries as well as pharmacy products.

Trinity Place Holdings Inc., Annual General Meeting, Aug 18, 2015

Trinity Place Holdings Inc., Annual General Meeting, Aug 18, 2015., at 10:00 US Eastern Standard Time. Location: Kramer Levin Naftalis & Frankel LLP at 1177 Avenue of the Americas. Agenda: To consider the election of Alan Cohen and Keith Pattiz as Class I members of the Board of Directors by the holder of Series A Preferred Stock; to consider election of Alexander C. Matina and Marina Shevrytalova as Class II members of the Board of Directors by the holders of Common Stock; to consider the election of Joanne M. Minieri as a Class II member of the Board of Directors by the holder of Special Stock; to consider the ratification of the appointment of BDO USA, LLP as the independent registered public accounting firm for the fiscal year ending February 27, 2016; to consider the compensation of the named executive officers; to consider the frequency of future advisory votes on the compensation of the Company's named executive officers by the holders of Common Stock; and to consider transaction of such other business.

Trinity Place Evaluates Sale Of Property In Lower Manhattan

Trinity Place Holdings Inc. (OTCPK:TPHS) has retained Eastdil Secured LLC to evaluate sale of property in Lower Manhattan. The company has filed a motion seeking bankruptcy court approval of a $40 million loan facility secured by its properties located at 42 Trinity Place and 67 Greenwich Street in Lower Manhattan. The company will use the proceeds for further predevelopment work on Trinity’s Lower Manhattan holdings at 42 Trinity Place and 67 Greenwich Street. Significant interest in the development of the property has led the company to hire Eastdil Secured to proceed with a formal and organized process to help evaluate the most appropriate risk-adjusted path to value maximization for shareholders which may or may not result in a possible sale of the property in whole or in part with a joint venture partner.

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