Scaffolding Arrives at Karl Fischer’s 255 Bowery

Posted on: July 29th, 2011 at 6:41 am by

In early June, word broke that Bowery 2.0 would welcome another friggin’ condo development by two locally-controversial veterans of the scene. Developer Shaky Cohen purchased the plot at 255 Bowery for $5.5 million and is planning a new seven-story finger building with Karl “Hot Karl” Fischer helming design duties. It’ll be a mixed-use deal with luxury residential living up top and high-end retail on street level. This so-called dream team is also behind the fugly 263 Bowery and a brand new project on 12th Street.

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No permits are currently on file with the DOB, but chatter on the street suggests the building will soon fall in favor of this new development. A sacrifice to the overpowering gods of gentrification, if you will. The arrival of scaffolding and various dudes with clipboards a few days ago is definitely an ominous sign. Bars and boards now cover the lower facade of both 255 Bowery and the neighboring Sperone Westwater Gallery.

Construction is scheduled to begin sometime in November after an additional cash injection of $4 million.

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