Page 206 - TRG AIA-305 Prequalification Statement

Anthony t. RinAldi, ME

The President / CeO
RINALDI
G R O U P

The Rinaldi Group – 1 Harmon
Meadow Blvd., Secaucus - NJ
President | CEO

45 Park Place Tribeca – New York, NY – NEWLY AWARDED
From it’s inception, this 665.83-Ft ultra high-end luxury Condominium Tower located
in the Tribeca neighborhood of Manhattan was designed like no other Tribeca address
offering a limited collection of fifty (50) condominiums designed by Piero Lissoni and
Michel Abboud, the base of the Tower offers captivating loft-like residences (Floors
6-thru-15 being 1-Bedroom & 3-Bedroom Units and Floors 17-thru-23 being 2-Bedroom
Units) while above, exclusive full-floor Tower residences (Floors 24-thru-39 being
3-Bedroom & 4-Bedroom Units) dramatically showcasing 360-degree views of the Statue
of Liberty, One World Trade Center, New York Harbor, and the Empire State Building, all
crowned by two (2) signature duplex Penthouses with sculptured staircases that are true
Lissoni originals.

The residential entrance is adjacent to an elegant plaza imagined by Pritzker Prize winner
Jean Nouvel with a linear metal and glass marquee introducing residents and guests to the sophisticated interiors of Piero Lissoni.
Natural light lavishly pours into the spacious lobby with floor-to-ceiling glass walls to a secret courtyard oasis. Exhibiting the culinary
arts, the Loft Residences offer a Boffi On/Off Kitchen with white matte lacquer electronically controlled horizontal folding doors. Styled
by Piero Lissoni, these Italian engineered kitchens combine craftsmanship with ingenuity, providing a sleekly designed backdrop
for epicurean activity. Signature Boffi elements include full height lacquered cabinetry, Corian kitchen islands, and top-of-the-line
integrated Gaggenau appliances, including an undercounter wine refrigerator. Every surface and fixture in the 5-fixture Master
Bathroom was selected by Piero Lissoni, including the custom wet-room featuring a shower enclosure and free-standing soaking tub by
MOMA Design. The Great Room of the Tower Residences features breathtaking triple-exposures of Manhattan that encompass views
of the Statue of Liberty and World Trade Center, the Hudson River to the West, and Midtown Manhattan and the Empire State Building
to the North. The epitome of the Tower Residences Master Bath experience is the free-standing soaking tub surrounded by walls clad
in Italian textured Pietra d’vola raw limestone, designed by Piero Lissoni for Salvatori. The elegant windowed Powder Rooms are clad in
silk Geogette stone with vanities by Italian custom manufacturer MOMA Design. The beauty of the custom curved staircase is matched
by the drama of the exclusive terraces where Penthouse residents will view New York’s most iconic landmarks such as the Statue of
Liberty, One World Trade Center, the Empire State Building and the Brooklyn Bridge. Offering a direct panoramic view, the Penthouse
Kitchen features chef caliber cooking and kitchen appliances from Boffi and Gaggenau. From the ornate custom ceramic tiled hood
by Boffi to the Gaggenau Tappanyaki cooktop, the Penthouse kitchen is the paragon of luxurious entertaining. The corner Master Suite
with the grandly scaled windowed Master Bath is strategically positioned to capture harbor and cityscape views stretching towards the
iconic midtown architectural landmarks.

The amenities collection spans three (3) levels providing natural extensions of modern luxury and exclusivity starting with a 50-ft indoor lap
pool romantically illuminated and clad with mosaic tile in shades of white with deep green Verdi Alpi marble floors surrounded by Ceppo di Gre
stone walls, a relaxation lounge area and a large private cedarwood sauna and spa; state-of-the-art gym and yoga studio with 24-hour/day
availability and personal training sessions; a private residents’ lounge with a retractable screen, pool table and a Boffi catering pantry; and a
colorful children’s playspace. accessorized with Tatami Mat flooring, chalkboard wall surfaces and whimsical furniture.

Size 665.83-Ft; 166,773 GSF; 50-Ultra high-end luxury Condominium Units; Unit-mix breakdown comprises (9) 1-Bedroom Units, (14)
2-Bedroom Units, (14) 3-Bedroom Units and (11) 4-Bedroom Units plus 2-Penthouse Duplex Units. ARCHITECT – SOMA with Ismael Leyva
Architects, P.C.; INTERIOR DESIGNER – NMMinc Design & Architecture; STRUCTURAL ENGINEER – WSP Cantor Seinuk; MEPS
ENGINEER – Edwards & Zuck; GEOTECH ENGINEER – Pillori Associates; ELEVATOR CONSULTANT – Jenkins & Huntington; OWNER
& DEVELOPER – Soho Properties; ORIGINAL VALUE - $174,000,000 or approx.. $1,043/SF in 2016 prior to stall and COVID-19 pandemic.
CURRENT VALUE HARD COST TO COMPLETION - $90,579,974 or approx.. $543/SF.

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