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Trinity Place Holdings Inc. reports developments as an intellectual property holding, investment, and commercialization company focused on consumer-sector assets. Its portfolio includes FilenesBasement.com, rights to the Stanley Blacker brand, intellectual property associated with the Running of the Brides event, and the An Educated Consumer is Our Best Customer slogan.
Recurring company updates cover operating results, brand licensing and e-commerce initiatives, strategic partnerships, intellectual property protection and enforcement, stock repurchases, pension plan settlement matters, and the completed transfer of former TPHGreenwich joint venture interests into a trust for the benefit of shareholders.
Trinity Place Holdings (NYSE: TPHS) announced its 2021 Annual Meeting of Stockholders will be held virtually on June 29, 2021. The company provided updates on its project at 77 Greenwich, which has moved its sales gallery and is nearing construction completion, having received its first temporary certificate of occupancy. The project, now marketed as 'Jolie on Greenwich,' will enhance sales efforts through the engagement of SERHANT. Financially, the company is exploring refinancing options for maturing loans, amidst noted improvement in financing markets. Concerns about a going concern emphasis related to loans remain.
Trinity Place Holdings Inc. (NYSE: TPHS) has achieved a significant milestone with the first Temporary Certificate of Occupancy (TCO) for its 77 Greenwich Street development, which includes 90 luxury residences and a public school in Manhattan's Financial District. The project is on track for completion later this year, overcoming COVID-19 challenges. Additionally, the company received the prestigious Lucy G. Moses Preservation Award for restoring the historic Dickey House, now part of the development. Construction continues, with luxury condominiums expected to close soon.