Demolition Begins at 50 Clinton Street Ahead of New 7-Story Development

Posted on: February 17th, 2015 at 5:10 am by
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It’s coming down. More than a year of nervous anticipation now culminates in destruction for the mid-section of Clinton Street.

Indeed, the once proud one-story row of retail comprising 50-62 Clinton Street is a few jackhammer chisels from demolition. Yeah, the permits were filed back in December, so no huge surprise. However, the reality just set in last week.

A new sidewalk bridge now spans the eight vacant storefronts. Signs onsite warn of asbestos abatement and rat poison, always a signal of future demolition.

Meanwhile, plans for the seven-story replacement still carry “disapproved” status at the Department of Buildings. Whenever this luxury condoplex is completed, we’ll see condos of the one- and two-bedroom variety that cost north of $1 million. There is also a three-bedroom penthouse. All are on the smaller end of the spectrum. Apparently DHA Capital – which acquired the property for a record $28.95 million – is targeting “first-time buyers and young professionals.”

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We watched for the last year (since first breaking the story) as each business was slowly suffocated, forced to relocate or shutter altogether. For some, the loss of Wylie Dufresne’s pioneering WD-50 hurt the most, while for others it might have been the departure of Rothstein’s Hardware or Community 54 (both are still in business). Now the circle of life has taken us to upper crust glitz that only the 1% can afford.

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