Languishing on the Market, Another Brokerage Tries to Pitch Retail at the Bowery ‘Bunker’

Posted on: October 25th, 2016 at 9:43 am by
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Here we are again. A year-and-a-half after the Green Depot vacated 222 Bowery, the former environmentally-concious hardware store remains a decrepit dormancy. Just look inside. There is now a collection of toilet bowls, random bags of concrete, and other construction sundries. But nothing is happening.

Except that a new brokerage is trying again to sell the 4,375 square-foot space.

Sinvin was the prior broker, having repped 222 Bowery some three years before the place shuttered. They nearly nabbed a restaurant, too. You’ll recall that, since December 2013, restaurateurs Joe Carroll and Stephen Starr (Starr Restaurant Group) had been battling both the community and city in order to open an “approachable” steakhouse here at the “Bunker” building. The proposal would’ve “combined classic warmth and charm with a contemoprary and affordable menu.” Its bid previously passed Community Board 2, but neighbors led by the Bowery Block Association alleged all along that the proposed restaurant violates the 1987 shareholder agreement with the 222 Bowery co-op.

That was that. Curtains.

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This is a popular encampment, April 2016

And a restaurant is probably what prolific Bowery broker RKF is pitching to. Even though, according to the latest real estate listing, “all uses are considered.” As before, the tenants (supported by local advocates) will still prove a hurdle.

There are also concerns over the implications of any nightlife here, given that 222 Bowery is a landmarked building. The mechanicals needed to sustain such an establishment could potentially prove damaging.

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