50 Clinton Street Tops out at 7 Stories

Posted on: April 14th, 2016 at 9:22 am by
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​Remember WD-50, Rothstein’s Hardware, 1492? These commercial establishments are all buried beneath the seven-story hulk at 50 Clinton Street. And the superstructure just topped out.

The luxury development 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. Five of those condos still await purchase, including the 1,167 square-foot penthouse (2BR). That one will cost you $3.5 million. Drop in the bucket, right?

Meanwhile, 50 Clinton continues to usurp the public park space on its backside. The handball courts in Nathan Straus Playground are totally overrun with iron and boards.

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DHA Capital purchased the parcels 50-62 Clinton Street in 2014 from the notorious Icon Realty for a record-setting $28.95 million. Demolition began in June 2015, and celebrity broker Fredrik Eklund desecrated the spot while operating a backhoe in head-to-toe Armani.

This predatory development spelled the end for a half-dozen mom-and-pops that operated here for years. Not even the Little Shoe Store just a few paces to the north could escape the wrath. It closed last month after a couple years on the block.

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50 Clinton Street, February 2011

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