I'm pretty sure it is a track frame (haven't seen it in awhile, and my memory is good for about 20 minutes.) Couldn't find any pics on the Web, but CIOCC does make track bikes. Saw a couple old posts ('98) of people trying to sell 'em.
Cannondale F700 (converted to singlespeed), Special Ed Angst (48X18), penny farthing (aka Ordinary), Schwinn Mesa Runner (conv. ss), Lotus International fixed conversion
turns out there are two ciocc track frames in the area. i spoke with dreadlocks, says he even called ciocc to inquire about a new frame and still couldn't get an answer. his is not the first one i saw though. a bit older with a different color scheme.
Yeh, same here man. Occasionally I'll see two italian track bikes out in front of Reef. I think one's a De Rosa. I'm not sure what the other is, but they are both in pristine condition. Further down 18th street near Rosemary's Thyme is a somewhat beaten up Atala.