DHA Capital is in contract to purchase the three-story parking garage located at 75 Kenmare Street, in Nolita, for roughly $50 million, according to Bowery Boogie. The new owner plans to develop a 68,000 square-foot mixed-use building featuring luxury residential units and retail space. Most units will measure closer to 1,000 square feet, smaller than other new-construction condos in the area, according to The Real Deal, who was also the first to report the news.
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Let’s hope there are street safety changes put in place at the same time.