Work has ceased at a hotel tower on Trinity Place because, according to a new lawsuit, the Metropolitan Transportation Authority is trying to “strong-arm and suffocate” the developer. Peter Zen’s FIT Investment Corp. claims the MTA wrongfully issued a stop-work order at 50 Trinity Place, where FIT is building a 173-key hotel. The agency allegedly halted work earlier this month to enable another developer, Trinity Place Holdings, to work on an elevator at the Rector
source https://therealdeal.com/2020/01/22/mta-halts-a-manhattan-hotel-project-and-the-lawsuits-fly/
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