search

The Real Deal Logo

Trending

Glossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseSwig finds new bottom with DTLA office sale at $94 a sfSwig finds new bottom with DTLA office sale at $94 a sf“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab lawHow Hochul played the “good cause eviction” game, and wonHow Hochul played the “good cause eviction” game, and won
New York

Lower East Side’s Clinton Street may get new apartments

52-60 Clinton Street (Credit: Bowery Boogie)
52-60 Clinton Street (Credit: Bowery Boogie)

Several retail stores on a stretch of the Lower East Side’s Clinton Street are being shuttered to make way for residential development. The latest store located on the one-story row of retail at 52-60 Clinton Street is Community 54, a streetwear brand that opened at the location in 2011 and has played host to hip-hop stars such as Soulja Boy and A$AP Rocky.

Community 54 is the fifth such store to close this year, Bowery Boogie reports. Sources told the website that a new residential project is set to replace them.

Sign Up for the undefined Newsletter

The owner of the properties is an LLC known as 50-62 Clinton Realty, according to Bowery Boogie.

The Lower East Side is becoming too pricey for some retail establishments, such as 20 Peacocks, a design-your-own-shirt shop, which recently decided to move from 20 Clinton Street to a studio space at 99 Madison Avenue.  [Bowery Boogie]  – Hiten Samtani

Tags
Bowery