DHA Capital Files Permits to Demolish the Last Parking Garage on Kenmare Street
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The last parking garage on Kenmare Street will fall much sooner than previously thought. DHA Capital – known on the Lower East Side for acquiring 50 Clinton Street for $28.95 million last year – dropped another $50 million on 75 Kenmare this past spring. Sentry Operation Corp. was the seller.
Not sitting idle, the developer already filed demolition permits with the Department of Buildings two weeks ago. Expect the take-down to commence imminently. For the moment, though, parking services nevertheless remain active inside the four-story garage.
As previously reported, DHA plans to erect a 68,000-square-foot mixed-use property comprised of retail, residential, and, ironically, parking. The project will apparently boast “more efficient units” (i.e. 1,000 square-feet) in tune with the housing stock offered at 50 Clinton.
Before you know it, Kenmare Street will no longer be recognizable. Change has been swift in even the last five years. New developments like the Nolitan hotel and 152 Elizabeth Street are complemented by upscale foodie establishments including the Butcher’s Daughter, Sweetgreen, and Black Seed Bagels.
How will it look in another five years?