66 Clinton Street Sees New Life as 8-Story Luxury Development
Two months ago, New Life of New York City sold its flagship building at 66 Clinton Street and relocated to Alphabet City. Next up, luxury living.
Just last month, the nascent landowners – Vault Development and TLM Equities – filed paperwork with Department of Buildings for the new development. Set to rise eight stories, the project is completely residential, comprising 16,331 square-feet spread across twelve apartments. Plans also call for a fitness room and six spaces for bicycle parking.
Demolition was approved back in May. As of today, though, the development proposal remains in a “disapproved” status by Department of Buildings.
C3D Architecture is the designer of record.
The $8.7 million sale 66 Clinton further signifies how far into the one-percent this block – between Rivington and Stanton – has swung. But, on the flip-side, it helped New Life find the same.
“The sale of our property at 66 Clinton will not only give us the chance to continue to serve kids on the Lower East Side, but will also allow us the opportunity to expand that impact across New York,” Executive Director Efrain Figueroa said in a previous public statement.