At 3 Stories, 50 Clinton Street Luxury Condo Usurps Public Park Space

Posted on: February 22nd, 2016 at 5:17 am by
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Rise up. That’s the mantra of 50 Clinton Street. Literally. The superstructure sprouted from its enormous seven-parcel footprint within the last couple weeks and now sits at a hefty three-story height.

It took awhile to get to this point, though. Developer DHA Capital stumbled through several delays and stop-work orders. Upon completion, though, they’ll be laughing all the way to the bank. The seven-story property boasts thirty-seven condo units (designed by Paris Forino, if you care about such things) priced between $1.8 and $3 million, 24-hour doorman, gym, and rooftop terraces.

But the construction ultimately comes at the expense of public park space. Indeed, the hindquarters of the 50 Clinton luxury development site is Nathan Straus Playground, a New York City park. And now, the handballs courts are bisected, and shrouded by the installation of a sidewalk bridge. The intrusion will obstruct the play space for the duration.

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“We have such limited public/community space already,” a neighbor tells us. “This is not right.”

Big money trumps everything. Even open-air play area for neighborhood kids … and the adjacent school (PS 140).

And the landlord that facilitated this whole thing? Icon Realty, who sold the low-rise retail to DHA Capital in 2014 for $28.95 million. Said transaction was considered a record at the time.

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