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July 30, 2013- If you are confused about the news of Trinity Church being converted into a high-rose office building, it is the real estate the church owns across the street, at 74 and 68 Trinity Place. The existing 25-story building will be coming down, and replaced with a 32-story building of mixed residential and commercial use. Along with the WTC complexes, one has to wonder if there is not another huge building bubble in the works, thanks to the free-money from the Fed at zero interest rates.
Crain’s first reported this story last week, not the Broadsheet today. The Broadsheet article failed to reference the Crain’s article. To read more about the architects, etc, visit the Crain’s article.