Foreclosure Auction Scheduled for 525 Clinton Avenue

Only a month ago workers were spotted at the glassy, stalled development at 525 Clinton Avenue, and we wondered whether the project—which has sat vacant for three years—might be coming back from the dead. The latest bit of intel on the building doesn’t indicate that units are going to come to market in the near future, though: PropertyShark records show that a foreclosure auction on the property is scheduled for October 6th. The lien is a whopping $25 million. Back in 2009 some politicians were keen on turning the troubled development into affordable housing.
525 Clinton Avenue [PropertyShark]
Stop Work Order at 525 Clinton Avenue [Brownstoner]
525 Clinton Avenue: Something Happening Here? [Brownstoner]
Will 525 Clinton Avenue Really Go Affordable? [Brownstoner]
The Ghosts of 525 Clinton [Brownstoner] GMAP
525 Clinton Avenue One Step Closer To Sales [Brownstoner]
Development Watch: 525 Clinton Avenue [Brownstoner]
525 Clinton Avenue Looking Good [Brownstoner]
525 Clinton Gets Its Glass On [Brownstoner]
Tower Rising at 525 Clinton Avenue [Brownstoner]