In Demolishing Historic Structures, Developer Just Wants to ‘Preserve the Look and Feel of the Bowery’
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The developer planning a condo-hotel atop three historically significant structures on the Bowery wants you to know that they’re sensitive to the nature of the project site.
Demolition of 138-142 Bowery is already underway, with construction scheduled to begin shortly thereafter. The timeline to completion of 2017 is definitely a rosy prediction.
An official press release went out a day after our initial report that included a quote from an Emmut Properties lackey, who noted that they’re doing “everything possible” to keep the historic nature of this site intact. Except, of course, leaving the structures as is. “We realize this building site has a great deal of history, and we want to do everything possible to preserve the look and feel of the Bowery. The development that is planned will not only revitalize this section of the Bowery into a more appealing place to live and do business, but we hope that it also increases the quality of life for the people currently living in the area.”
As previously reported, the 44,000 square-foot replacement at 138-142 Bowery will be divvied up between commercial hotel (30,825 square-feet) and residential use (13,859). In plain English, that means 64 hotel rooms and 21 apartments. A retail tenant and rooftop “recreation area” are also included in the pending plans.
You’ll recall that Emmut Properties purchased the five-parcel assemblage of 134-142 Bowery in October for $47 million. As of now, it seems as though 134-136 Bowery are safe from the wrecking ball.