‘First Time Buyers’ Sought for 7-Story Development That’s Killing Off WD-50
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Tidbits continue to trickle out about the forthcoming residential project at 50 Clinton Street. You know, the seven-story development that displaced longtime community businesses, including Rothstein’s Hardware and Wylie Dufresne’s pioneering WD-50.
As noted in prior coverage, the parcel property was sold for $28.95 million at the hands of celebrity broker Fredrik Eklund. The buyer is now identified as DHA Capital.
It was already known that the development would carry thirty-seven apartments, but now there is more info on the composition of the residences. According to a report in the Daily News, most of the units are of the one- and two-bedroom variety, and cost north of $1 million. There is also a three-bedroom penthouse. All are on the smaller end of the spectrum. Apparently DHA is targeting “first-time buyers and young professionals” (yuppies?).
Meanwhile, you have just over a month to pay your last respects to WD-50. It closes November 30.