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Demolition Wire

Four out of five of "Dumbo's first houses" are spoken for, according to Brownstoner, so yeah, it's about time to start tearing apart the old garage sitting on the site and begin construction. As of today, demolition has officially begun at 55 Pearl Street, which will eventually be home to five contemporary townhouses. Those that have sold already (remember, they don't exist yet) went for upwards of $4 million, with each townhouse entering contract with a higher price than the last. There's one left, a corner home, that still hasn't hit the market. ['Stoner; previously]