The Last Parking Garage on Kenmare Street is Gone, to be Replaced with 7-Story Condo
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For the time being, there is nothing but open sky (and scattered rubble) at the northeast corner of Mulberry and Kenmare Streets. It’s a gaping, empty space. The former parking garage – now a rarity in these parts – was quickly disposed so that luxury housing can muscle in.
It took roughly two months for workers to dismantle the five-story car-park. Now it’s a pile of bricks with a backhoe on top.
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As previously disclosed, DHA Capital, which purchased the corner parking garage for $50 million in June 2015, plans to erect a 55,000-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 its sister LES development, 50 Clinton. Expect to pay between $1.7 million and $12 million for the 35 condos (1BR-4BR).
Lenny Kravitz is on board as the interior designer, vis-a-vis Kravitz Design. The firm will impart decor with metal, oak, and “unique natural stone” elements.
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