‘One and One’ Walked Away from Opening a New Bar in Preserve 24 Space

Posted on: March 23rd, 2015 at 5:10 am by
This image has been archived or removed.

Looks like the former home of Preserve 24 on East Houston will continue to sit idle. Could this L-shaped property now be considered a cursed space?

There was a brief moment back in December when the owners of One and One (founded 1998) – Terry Dunne and Paul O’Sullivan – were thisclose to opening another booze den in this ginormous space. The plans were to open One for the Frog, which consisted of a “first class restaurant” on the main level serving a fusion menu of Mexican and French cuisine and a lounge in the basement. Neighbors didn’t buy that ruse, though, and feared another bait-and-switch. Turns out, they needn’t worry for the time being. The plan is terminated.

For their part, Dunne and O’Sullivan had made a concerted effort to meet with neighbors within earshot of the establishment and also with the LES Dwellers. Apparently there was an impasse (the sticking point was the necessity of a basement lounge until 4am), and the applicants decided to, well, pass. The decision to walk away allegedly stemmed from not wanting to jump into a quagmire and upset the neighbors.

This image has been archived or removed.

Evidence of the failed deal is now on the ground at 177 East Houston in the form of leasing banners. The advertisements sit in the windows on both the Houston and Allen exposures. Newmark Grubb Knight Frank is repping the property, but the official listing is not yet live.

The enormous footprint of this commercial unit – with entrances on two major streets – is too large to sustain a restaurant business model. Its only possible function at those high rents is a club. Or the space should be carved into separate stores again.

Recent Stories

Mayor Adams Vetoes Bill to Fine Non-Artists Residents in Upzoned SoHo and NoHo

The SoHo/NoHo Rezoning saga took a new turn last Friday when Mayor Eric Adams vetoed the controversial bill (Intro 2443A). The last-minute legislation, introduced by former Councilmember Chin, would levy fines against residents occupying JLWQA units without official “artist certification.” The odd JLWQA acronym isn’t the call sign of some defunct NYC radio station; it […]

Gaia Cafe Planning February Return with New Essex Street Locale

Gaia Italian Cafe, a locals favorite, is gearing up for a return. An early pandemic victim, Gaia shuttered its sub-level operations in the summer of 2020 after nearly a decade on East Houston. Then word came through last July that namesake chef-owner Gaia Bagnasacco signed a lease for the ground floor of 119 Essex Street, […]

‘Be My Baby’ and a Strange 1965 Visit to Parisi Bakery (Ronnie Spector RIP)

Ronnie Spector, the chanteuse who fronted the Ronettes in the 1960s with her signature vocal yearning, died yesterday. She was 78. She passed after “a brief battle with cancer,” according to a statement from her family. In tribute to her life and music, we’re re-publishing the following piece from a few years ago highlighting the […]

The Decimated State of East River Park

It’s full throttle with East River Park demolition. Nothing now stands in the way of the $1.45 billion coastal resiliency project. Tree stumps dot the park from East Houston to Corlears Hook, onetime green space which now resembles the blackened wasteland of a post-apocalyptic novel. In all, some 990 trees are being sawed into submission. […]

How to Help Essex Card Shop Rebuild After Devastating Fire on Avenue A

Monday afternoon, a two-alarm fire ripped through 47 Avenue A, destroying the long-running Essex Card Shop. While the cause of the fire is still under investigation, Saba Aslam, daughter of the shop owner, launched a GoFundMe campaign to help rebuild the business. “Every single corner of this store is burned, damaged, and destroyed,” the appeal proclaims. […]