AND THE SIGN SAYS...

If you read carefully between the lines it says "We're putting up some high priced housing where your park used to be located. The lofts will gradually force up rents throughout a neighborhood of people who are already living on the street and in tenements they can't afford..."
If they're going to take away someone's bed park bench, they should have to replace it with reasonable shelter. In a neighborhood of so many homeless and so many living in unsafe housing, "urban lofts" are a crime.