Blockchain Company Anchors Sunshine Cinema Replacement Tower

Posted on: May 23rd, 2022 at 5:03 am by

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.

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