WD-50 Countdown: Demolition Permits Filed for 7-Story Condo Tower on Clinton Street

Posted on: November 21st, 2014 at 6:03 am by
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WD-50 is slated to conclude its decade-long presence at 50 Clinton Street in just over a week (November 30). Demolition of the entire row of quaint commercial stock will transpire soon thereafter. Indeed, the former 1492 has already been boarded up with dismantling activities transpiring behind the plywood shroud.

Demolition permits were issued earlier this week for the one-story stretch of buildings comprising 52-64 Clinton Street. As of this writing, however, the eponymous address hosting WD-50 is not included in the takedown. Nevertheless, this is the culmination of activity in a story that we first broke a year ago.

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As previously reported, DHA Captial LLC purchased the eight parcels for $28.95 million last month.

The DOB has yet to approve plans for the site, though. Various applications carry the “disapproved” status in the online database. When the smoke clears, we will eventually see seven stories of luxury condos of the one- and two-bedroom variety and costing in excess 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?).

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