Blockchain Company Anchors Sunshine Cinema Replacement Tower
The glassy office building that replaced the beloved Sunshine Cinema has its first tenant. And an anchor, at that.
The arrival of San Francisco-based Solana Labs comes mere weeks after the sidewalk bridge outside 141 East Houston came down (thereby freeing Yonah Schimmel from bondage).
Solana Labs, a blockchain company, reportedly signed a lease for the top four floors.
“The building is the same high-quality new construction you see in other parts of the city, but located in a vibrant neighborhood with good public transit accessibility,” a spokesperson for the company told the Real Deal. “Because this office space will, in part, be used to incubate teams building on the Solana blockchain, we wanted a location that gave teams a quintessential New York experience, which being in The Bowery provides.”
Solana also retains exclusive use of the 1,935 square-foot rooftop patio.
Occupancy is slated for later this year.
As previously reported, owners East End Capital and K Property Group, who together purchased the 1898-era theater five years ago for $31.5 million, are behind the nine-story construction.