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The Final Frontier

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The Observer sat down with Two Trees heir apparent Jed Walentas to hear more about the developer's massive under-construction Clinton Park rental building. Why did the Dumbo-focused developers head to Hell's Kitchen and put up $100 million of their own money to get the thing started? Simple: There's no other place for luxury development to go other than the west side of Manhattan. Clinton Park's first phase will have 222 apartments priced around $50/sqft, with 700 more starting construction this summer, pending financing. [NYO; previously]