Stop-Work Order Issued for New 7-Story Condo Development at 50-62 Clinton Street
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The one-story row of commercial buildings comprising 50-62 Clinton Street stood for decades. It was a lone holdout swallowed by the wave of gentrification breaking on the shores of the Lower East Side. No longer; swept aside six months ago for luxury living and the upper crust.
Demolition of the seven-parcel development site took nigh on a month, but struck a chord of controversy over the summer when that pompous celebrity broker Fredrik Eklund desecrated the area “dressed from head to toe in Armani.” Those antics allegedly resulted in fines, as previously reported.
The entire footprint of the seven-story replacement tower has been kissing open sky for months. But foundation activity is full throttle, pushing the plywood perimeter closer to the curb, and subtracting even more sidewalk. The first elements of its concrete foothold are now visible.
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However, before any significant progress can be tallied, the issuance of three stop-work orders on premise (all of which were partially rescinded). The Department of Buildings paid a pair of visits last week and came down hard. Infractions on record relate to incomplete paperwork, unsafe work conditions, and “issues” with concrete pouring.
In the end, this development is a gamechanger that forced out several small businesses, including WD-50 and Rothstein’s Hardware. DHA Capital purchased the parcels last year from the notorious frat-loving Icon Realty for a record-setting $28.95 million. Expect construction of the new seven-story, 37-unit condo development to last a few years before the gentry moves in. The housing stock is mostly sold out, leaving eight units left for the take.
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