PropertyShark Staff A building permit was recently filed for a conversion of a garage in Clinton, between 10th and 11th Avenues, into a 30,000 square foot residential development. According to the permit file, which lists Emmut Properties Corp. as the property owner, the new structure will be 7 stories high and will accommodate 45 apartments.
This will be the third new residential development on the block in the past ten years, after 520 West 48th Street (a.k.a the Clinton), a 109 rental unit building, and 505 West 47th Street, a successful new condo development where prices average $1,117 per square foot.
Further south, on Bowery, a permit was filed to convert an existing non-residential building to residential. The property, located at 255 Bowery, was bought in May 2011 for $5,550,000 by developer Shaky Cohen. He plans a new building with two stories of retail space and four to five luxury residential apartments, according to the NY Observer. The conversion is designed by architect Karl Fisher, who worked on a neighboring development at 263 Bowery.
