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Trinity Place Has a Proposed 2021 Completion Date

PGIM Real Estate Finance provided two new loans totaling $275 million to refinance Trinity Place phases 1 and 3 in downtown, bringing PGIM's total exposure to $348 million.

By Lisa Brown | Updated on November 13, 2017

Piazza with sculpture The first three phases feature a 1-acre piazza with a 92-foot stainless steel sculpture, Venus.

SAN FRANCISCO—Family owned Trinity Properties has owned the Trinity Place site since 1977 and began developing the property in its current format in 2007. Trinity Place Phases 1, 2 and 3 were completed in 2009, 2013 and 2017, respectively. The first three phases feature a 1-acre piazza with a 92-foot stainless steel sculpture, Venus, several stone art pieces, a walking path and a seating area.

The sponsor plans to start construction on Phase 4 this year, with an estimated completion date in early 2021. When complete, Trinity Place will be comprised of 1,900 residential units; 88,000 square feet of commercial space; and parking for up to 1,146 vehicles and 700 bicycles on a 4.07-acre site.

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