Clinton Street Condo Moves Forward with $17M Funding
Developers behind a proposed eight-story condo building on Clinton Street received funding, paving the way for construction to proceed.
Kriss Capital announced late last month that it arranged $17 million in financing for the development of 66 Clinton Street.
As previously reported, the developers – Vault Development and TLM Equities – are together planning a 12-unit luxury tower. It’s located on a block trending toward luxury, thanks to next-door neighbor 50 Clinton. Residential amenities at this newcomer include roof deck, fitness room, and six spaces for bicycle parking.
New Life of New York City, the social services nonprofit which spent 25 years at this address, sold their now-demolished three-story building to Vault and TLM for $9.7 million in May 2019.
Project completion is slated for December 2021, which appears a pipe dream.