3 Years Later, 50 Clinton Street Condos Come into Focus
Posted on: June 1st, 2017 at 5:15 am by Elie
There it is. The pseudo-complete condo project at 50 Clinton Street.
Three years after Icon Realty sold its parcels at 50-62 Clinton Street to DHA Capital – it was a record $28.95 million transaction (and a story we first broke) – the development it spawned now boasts its new masonry. The remainder of scaffolding and netting was deposed over the last few days to reveal the facade. You’ll notice that one vertical section is glaringly absent brickwork.
Once fully complete, the luxury development will contain thirty-seven condo apartments (designed by Paris Forino) priced between $1.35 and $3.25 million, 24-hour doorman, gym, and rooftop terraces. There are still only five available units that remain for purchase.
But there is still plenty of construction work ahead, while residents and businesses are stuck holding the bag. Demolition commenced in June 2015, and while operating a backhoe in head-to-toe Armani. In the intervening years since celebrity broker Fredrik Eklund desecrated the spot in head-to-toe Armani, the constant flow of work between Rivington and Stanton Streets certainly took a toll. Several small businesses voiced concern over a drop in foot traffic due to the bottlenecks and obstructions, and at least one was forced to close (Little Shoe Store). Not to mention the (temporary) loss of public park space in Nathan Straus Playground … and WD-50.
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