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.
A new tenant at 261 Broome Street filed a lawsuit against the landlord, claiming that an alleged roach infestation forced her to leave after only four days on-premise back in June. The complaint, filed this week in Manhattan Supreme Court by Julia Perry, alleges that the infestation was so severe that the critters even found […]
Two years after the closure of Berkli Parc, the southwest corner of Allen and Delancey Streets is finally active again. The plywood shed was recently removed to reveal terra-cotta marquee and identity of the next tenant – Douzo. For the new venture, Sushisamba veteran Koji Kagawa teamed up with Chatchai Huadwattana of the Chace Restaurant […]
Trendy local chain, The Modern Chemist, now has a presence on the Lower East Side. The company just debuted this new outpost in the other half of what was once American Apparel at East Houston and Orchard Streets. A sandwich board out front advertises the new opening. The Modern Chemist, which counts three other locations […]
A customer of the Delancey Street 7-Eleven robbed the store after not having enough cash for beer, police said. Early yesterday morning, a thirsty crook came up to the counter to pay for a few beers, then stole them anyway. He only had $5 and refused to pay for the other groceries. The suspect then […]
A pair of Lower East Side tenements in the orbit of Essex Crossing is now in the proverbial crosshairs. Both are on the market for a collective $12 million. The two properties are located around the corner from each other at Rivington and Suffolk Streets, and combine for 17,684 square-feet of floor area. The four-story […]
For the first time in years, 172 Orchard Street is seeing some activity in the ground floor retail. Not since Mission Cantina closed down in December 2016 has there been movement. Instead, just a revolving door of suitors considering the space. And a never-ending supply of storefront graffiti. Now, renovations are afoot. Restaurateur Helen Nguyen […]
With Kitty’s Canteen closed and in the history books, another nightlifer is looking to open a restaurant at 9 Stanton Street. One that revives Italian cuisine at this address. The newcomer is a 24-seat Italian restaurant called Forsythia. The liquor license application questionnaire lists Jacob David Siwak as the principal for the business. At the […]
A man was mugged at knifepoint outside a Clinton Street pawn shop last Tuesday, police said. The victim was reportedly attacked by six crooks, described as African American males, while trying to sell his Juul vape pen to his friend. It all happened outside the pawn shop at 101 Clinton Street. The suspects – one […]
The city currently has a problem unloading the luxury condos flooding the market. The New York Times last week published a piece about the glut of unsold apartments in the luxury stratosphere. That, despite the bonkers pace of construction in the high-end market, supply is outstripping demand. The data, culled from a StreetEasy audit, found […]
A perfect storm of misfortune has plagued the Gem Spa these last few months, causing a precipitous loss in business. From landlord issues to the temporary ban on cigarette sales and the loss of Zoltar, it’s hitting the bottom line. Fear of forever closure is palpable at 131 Second Avenue. The plight of the East […]