![\"50](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2014\/10\/50-Clinton-Rendering-1.jpg\")
<\/a><\/p>\nRendering: Issac & Stern<\/em><\/p>\n DHA Capital has acquired 50 Clinton Street, a planned seven-story condo project in the Lower East Side, for $28 million.<\/p>\n Located between Rivington and Stanton streets, the 38,000-square-foot development will have 37 one- to three-bedroom residences, with ground-floor retail. The site is currently home to Wylie Dufresne’s ground-breaking restaurant WD-50, which is set to close next month.<\/p>\n Pricing will start at approximately $1 million for one-bedrooms, $2 million for two-bedrooms and $3 million for the building\u2019s three-bedroom penthouse. Issac & Stern Architects is designing the project, while Paris Forino will curate the \u201cindustrial chic\u201d interiors.<\/p>\n \u201cThe project\u2019s defining elements are its smaller-sized units and moderate price points, all without compromising on design or quality,\u201d Dan Hollander, Managing Principal of DHA Capital, said in a statement.<\/p>\n Amenities will include a 24-hour doorman, landscaped roof deck, gym and bike room.<\/p>\n The property\u2019s previous owner, Icon Realty Management, filed permits for a new seven-story, mostly residential building in April, NY YIMBY<\/a> reported. The plan exam application<\/a> was disapproved in early June, and Icon put the site up for sale in the summer, Bowery Boogie<\/a> reported.<\/p>\n Construction is expected to wrap up in the third quarter of 2016. Douglas Elliman is handling sales, which are anticipated to begin in early 2015.<\/p>\n This marks the eighth project for DHA Capital. The firm is also converting Greenwich Village\u2019s 12 East 13th Street into an eight-unit condo building and developing a 280-unit rental at 535 West 43rd Street in Hell\u2019s Kitchen.<\/p>\n The 38,000-square-foot development will have 37 one- to three-bedroom residences.<\/p>\n","protected":false},"author":4,"featured_media":104296,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11269],"tags":[],"coauthors":[8693,10332],"apple_news_notices":[],"yoast_head":"\n