50 Clinton Street Closes One-Third of Condos Within First Five Hours

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Manhattan’s Lower East Side anticipates the 2016 completion of 50 Clinton Street, a boutique condominium housing thirty-seven residences, one-third of which achieved contracts within the first five hours of the property’s sales launch.

DHA Capital, an investment firm in the New York area, acquired 50 Clinton as its eighth project in fall 2014. Focusing on quality urban development, DHA expects the luxurious lodging to draw significant attention to the metropolis.

“The design of 50 Clinton contributes significantly to the resurgence of the Lower East Side,” said Dan Hollander, managing principal of DHA Capital. Josh Schuster, principal of DHA Capital, adds, “This is a thriving downtown neighborhood where there is strong demand for a product offering luxury at an attractive price point.”

First impressions are important to the designers at 50 Clinton. The historic influence of industrial tenements resonates deeply within the project’s construction. The Issac & Stern Architects P.C. boosts the exterior architecture with a red-brick appeal and extensive windows for abundance of natural light. Inside, the lobby presents a simple yet sophisticated air of warm emerald marble and patterned limestone flooring. Pillars separate the walkway from the concierge desk, the latter pushed back into a marble den creating a personalized check-in experience.

Interior designer Paris Forino expands the European concept of light, airy spaces for the one- to three-bedroom compartments of 50 Clinton Street, honing in on solid colors and functional pieces designed with modern techniques. The open floor plan allows space for entertaining, although the landscaped rooftop readily offers a 360-degree view of the Manhattan skyline, as well as ample room for outdoor cooking, dining, and lounging.

Forino says, “50 Clinton combines old-world chic with a modern European flair for an unprecedented quality of living in the neighborhood.”

Amenities include an advanced fitness center, bicycle garage, and 24-hour doorman.

The sales gallery is now open at 20 Clinton Street, New York, NY 10002.

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