WD-50 Development Site at 50-62 Clinton Street is Now on the Open Market
Posted on: June 23rd, 2014 at 5:14 am by Elie
Last modified on: June 23, 2014 at 8:26 am
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The closure of WD-50 this November continues to shock those both inside and outside the Lower East Side. But the bigger story here is really the new seven-story building that may eventually rise here. It’s a luxury project that ultimately strong-armed seven businesses into either moving or quitting altogether. Even though the new development planned for 50-62 Clinton Street is still very much in its infancy, the low-rise strip of properties is already on the open market. Looks like Icon Realty Management is looking to sell while hot.
It appears Icon recently retained the exclusive services of Massey Knakal to sell the property. No price tag. Instead, they’re now accepting offers for the “development site.”
Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of 50-62 Clinton Street located on the east side of Clinton Street between Rivington Street and Stanton Street. The site possesses 100’ of Frontage along Clinton Street which will provide excellent visibility for ground floor retail. The property is zoned R7A which allows for residential and/or mixed-use development.
It is within close proximity to Essex Crossing, a development that will consist of 1.9 million square feet of residential,commercial, and community space. The site can be delivered vacant and offers an excellent opportunity for a developer to take advantage of a fast growing neighborhood.
Meanwhile, the paperwork submitted to the Department of Buildings earlier this year was actually disapproved a couple weeks ago.
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