Trinity Place Holdings and Pacolet Milliken Acquire Brooklyn Building New Luxury Williamsburg Residential Tower Purchased for $68.8 Million

NEW YORK, NY (December 5, 2016). Trinity Place Holdings, Inc. (NYSE: TPHS) announced today that in a joint
venture with Pacolet Milliken Enterprises, Inc. they have closed on the acquisition of The Berkley, a newly
built, market-leading 95-unit apartment building in Williamsburg, Brooklyn for $68.875 million. The purchase
was capitalized by a $42.5 million interest-only senior loan from Freddie Mac at a spread of 216 basis points
above LIBOR.

Located in North Williamsburg, Brooklyn at 223 North 8th Street, The Berkley is just two blocks from the
Bedford Avenue L subway station and a short walk from the Metropolitan Avenue G subway station and J, M,
and Z trains at Marcy Avenue.

With spectacular views of the Manhattan skyline, The Berkley is widely considered to be Williamsburg’s
premier rental property. Apartments feature top-of-the-line unit finishes including Bertazzoni and Bosch
appliances, in-unit washers and dryers, individual HVAC controls, walk-in closets, 9-10’ ceilings and wide plank
hardwood flooring and most of the of units feature private outdoor space. In addition, The Berkley offers a full
amenity package including a rooftop sun-deck lounge, a two-story fitness center, an outdoor yoga lawn, an
outdoor central courtyard, tenant storage, parking, and spectacular views of the Manhattan skyline. The
property benefits from a 25-year 421a real estate tax abatement.

“We are excited to participate in Williamsburg’s continued renaissance and evolution as a choice
neighborhood for New Yorkers, as well as an increasingly desirable destination for institutional investment,”
stated Matthew Messinger, CEO and President of Trinity Place Holdings. “Just as Williamsburg embodies the
vibrancy, innovation and creativity of Brooklyn, The Berkley’s high-quality design celebrates the
neighborhood’s industrial character and offers an unparalleled lifestyle in a sought after, supply constrained
market within minutes of Manhattan,” he continued. “Also, we fully expect that this investment with Pacolet
Milliken is the beginning of a long-term partnership strategy with one of the nation’s leading family-owned
real estate firms.”

“We are excited to kick off our partnership with Trinity Place Holdings with the acquisition of this trophy
quality asset in one of New York’s most desirable neighborhoods,” stated Brent Abbott, Vice President and
Director of Acquisitions at Pacolet Milliken Enterprises.
For the Pacolet Milliken investment team, led by Clay Adams, Executive Vice President for Real Estate, and Mr.
Abbott, this represents the firm’s second significant investment in Brooklyn this year and advances Pacolet’s
strategy of investing in core-quality real estate with a value creation story. In this case, the continued growth
of the high-end Williamsburg submarket, the increasing 24-7 mixed-use independence of Brooklyn, and the
planned public investment of approximately $1 billion in nearby subway improvements combine to make this
a compelling long term investment opportunity.

Website: theberkleybk.com

About TPHS
Trinity Place Holdings Inc. (the “Company”) is a real estate holding, investment and asset management
company. The Company’s business is primarily to own, invest in, manage, develop and/or redevelop real
estate assets and/or real estate related securities. Currently, the Company is developing a mixed-use
condominium at 77 Greenwich Street (aka 28-42 Trinity Place) in Lower Manhattan, which is one of Lower
Manhattan’s premier development sites. The Company also owns a shopping center located in West Palm
Beach, Florida and retail boxes in Westbury, New York and Paramus, New Jersey. Trinity Place Holdings’
intellectual property includes rights related to the Filene’s Basement trademarks. In addition, the Company
also has over $225 million of Federal tax net operating losses. The Company’s shares are listed for trading on
the NYSE MKT under the symbol TPHS. Many of its current assets are the legacy of certain Syms Corp. and
Filene’s Basement holdings as a result of those companies having emerged from Chapter 11 bankruptcy under
a plan of reorganization in September 2012. More information on the Company can be found at
www.trinityplaceholdings.com.

About Pacolet Milliken Enterprises, Inc.
Pacolet Milliken Enterprises, Inc. is a private, family-owned investment company founded in 2007 by the
shareholders of Milliken & Company with a forward-looking mission to secure and grow high-quality assets
with enduring value in the energy and real estate markets. For more information, please visit
www.pacoletmilliken.com.

Walmart, Tire Kingdom give new life to The Shoppes of Forest Hill By Kevin D. Thompson – Palm Beach Post Staff Writer

Posted: 4:20 p.m. Friday, Aug. 12, 2016

PALM SPRINGS — Amy Kimball has worked at the hair salon Supercuts in the shopping plaza on Forest Hill Boulevard and
Military Trail for 16 years.

For decades, Syms, the defunct discount clothing retailer that filed for bankruptcy in 2011, was the anchor tenant at The
Shoppes of Forest Hill, drawing all sorts of traffic to the site. But when Syms closed, the plaza suffered and was on life
support. “It was just wasting away,” Kimball said. “If it wasn’t for us, I don’t know if the center would’ve survived. The whole
neighborhood knows us.”

Over the past two years, Trinity Place Holdings, the New York-based real estate company that now owns the 112,000-
square-foot site, has invested several million dollars into the plaza to make sure it not only survives, but thrives.
“The center has pretty good bones,” said Matthew Messinger, president and CEO of Trinity Place Holdings. “A lot of what
was needed was some TLC, cosmetic and beautification changes.”

The company painted the facade, upgraded the landscaping, installed new roofs, lighting, re-striped the parking lot, added
more signs. Messinger wouldn’t give the exact amount the company spent. “It was more than $2 million and less than $5
million,” he said. “This site had been a little neglected. It became a place where people would drive by and wonder what was
going on.”

In June, two brand name tenants moved in — a Walmart Neighborhood Market, the company’s grocery store format, and Tire
Kingdom. They joined Boston Market, Taco Bell, Wells Fargo and Rent-A-Center, tenants for several years.

“Walmart and Tire Kingdom appeal to all sorts of people,” Messinger said. “They’ll draw traffic to the center and it should be a
cascading effect.” The 42,000-square-foot Walmart market is the eighth to open in Palm Beach County, according to Adriana
Perdira-Reyes, the company’s director of public affairs and governmental relations in Florida. “We try to go into area that are
underserved and needs revitalization,” Perdira-Reyes said. “By putting a store in that area, we can contribute to the
neighborhood’s improvement.”

The company said it wanted to open a grocery store in Palm Springs because it’s a high traffic area, 80,000 residents live
within 2 miles of the store and there are limited shopping alternatives in the area.

The store features a drive-thru pharmacy and a custom gourmet pizza station that allows customers to make pizzas on site.
Messinger said the plaza has 18 tenants. There’s still about 30,000-square-feet of vacant space. Messinger said he hopes to
fill those empty spaces with medical companies and service firms, which can range from a nail salon to a nutrition place.
“The priority is to get the larger spaces rented,” Messinger said.

Kimball said she likes what’s happening at the plaza, an eyesore for too long. “It’s much prettier when I come to work now,”
she said. “There’s new life in the plaza. Just look at all the cars in the parking lot.”

Trinity Place Holdings Inc., Announces Plans for 285,000-Square-Foot Project At 77 Greenwich Street in Lower Manhattan Mixed-Use Development to Include a 476-Seat Elementary School, Retail Space and Luxury Residential Condominiums Overlooking New York Harbor

Contacts: Nikki Buccina, Quinn, 212-868-1900, ext. 387; nbuccina@quinn.pr
Cassandra Small, Quinn, 212-868-1900, ext. 393; csmall@quinn.pr

NEW YORK, NY – JAN. 27, 2016 – Trinity Place Holdings Inc. (NYSE:TPHS), a real estate investment
company, today announces its plans for a 285,000-square-foot, mixed-use development project at 77
Greenwich Street in New York City’s Financial District neighborhood. The plans call for approximately 85
luxury residential condominiums and 7,000 square feet of retail space on Greenwich Street, as well as the
recently announced 476-seat elementary school serving District 2.

“We are happy to share that we anticipate construction of the project starting this year,” stated Matthew
Messinger, President & CEO of Trinity Place Holdings Inc., owner and developer of the 77 Greenwich
Street project. “We are also proud to be working with the New York City School Construction Authority in
connection with their efforts to bring a much needed new public school to Lower Manhattan. As
Downtown Manhattan continues to see more than $30 billion of public and private investments come to
fruition, we expect 77 Greenwich to be the latest milestone in the neighborhood’s evolution as a highly
desirable live-work community.”

FXFOWLE Architects has designed the mixed-use tower, which is slated to rise approximately 500 feet in
the air and will feature a pleated glass curtainwall above a limestone base. Deborah Berke Partners is
designing the residential interiors. The Marketing Directors will lead the marketing and sales effort for the
luxury condominium residences.

Messinger continued, “What makes the residential component unique is that all condominium residences
will start at an elevation of 150 feet, sitting above the school, allowing for panoramic views of New York
Harbor, the Hudson River as well as the New York City skyline from every home in the building.”
Slated for completion in 2019, the development site is comprised of the former Syms clothing store and
the 19th-century landmarked Dickey House, a federal style townhouse constructed in the early 1800s.
Project plans call for the Dickey House exterior to be meticulously restored and the interiors adaptively
reused.

Strategically located in Lower Manhattan, 77 Greenwich is ideally situated in close proximity to many of
NYC’s most coveted destinations including the World Trade Center, South Street Seaport, Battery Park
City, Brookfield Place, Wall Street and its luxury shops and restaurants including Saks Fifth Avenue,
Burberry, Hermes and Tiffany & Co., to name a few. In addition, future residents at 77 Greenwich will
have the opportunity to live steps away from Nobu, Le District, Hudson Eats and Mario Batali’s Eataly.
The development site is also located steps away from what will be the newly expanded and landscaped
Elizabeth Berger Park as well as ample green space and recreational destinations including the Hudson
River Greenway, Battery Park, Battery Park City and the East River Bikeway. The 1, R, 2, 3, 4, 5 and
PATH trains provide easy access for all future residents and students.

For more information, visit www.trinityplaceholdings.com.

About Trinity Place Holdings Inc.
Trinity Place Holdings Inc. (the “Company”) is a real estate holding, investment and asset management company.
The Company’s business is primarily to own, invest in, manage, develop and/or redevelop real estate assets and/or
real estate related securities. Currently, the Company’s principal asset is a property located at 77 Greenwich Street
(aka 28-42 Trinity Place) in Lower Manhattan, sometimes referred to as the Trinity Place Property, and one of Lower
Manhattan’s premier development sites. The Company also owns a shopping center located in West Palm Beach,
Florida and retail boxes in Westbury, New York and Paramus, New Jersey. Trinity intellectual property includes rights
related to the Filene’s Basement trademarks. In addition, the Company also has approximately $219.0 million of
Federal net operating losses. The Company’s shares are listed for trading on the NYSE MKT under the symbol
TPHS. Its current assets are the legacy of certain Syms Corp. and Filene’s Basement holdings as a result of those
companies having emerged from Chapter 11 bankruptcy under a plan of reorganization in September 2012. More
information on the Company can be found at www.trinityplaceholdings.com.

Forward Looking Statements
This release includes “forward-looking statements” which can be identified by the fact that they do not relate strictly to
historical or current facts. These statements contain words such as “may,” “will,” “expect,” or the negative or other
variations thereof or comparable terminology. These forward-looking statements are based on current expectations
and projections about future events. Investors are cautioned that forward-looking statements are not guarantees of
future performance or results and involve risks and uncertainties that cannot be predicted or quantified, and,
consequently, the actual performance of the Company may differ materially from those expressed or implied by such
forward-looking statements. Such risks and uncertainties include, but are not limited to, that the Company and the
School Construction Authority have not yet entered into a binding agreement regarding the proposed new school,
construction of the project is not yet financed and other risks generally associated with significant mixed use
developments in New York City. As a result, the project may not be completed as planned or at all, as well as other
risks related to the factors described from time to time in the Company’s reports filed with the Securities and
Exchange Commission. Any forward-looking statements are made pursuant to the Private Securities Litigation
Reform Act of 1995 and, as such, speak only as of the date made. The Company disclaims any obligation to update
the forward-looking statements.