Wow, I had been wondering just the other day what was happening with that abomination, thanks for the great news!
July 12, 2013 at 7:14 AM
Makeout said...
"Acquires, develops, repositions, operates & brands"- That's a mouthful!
July 12, 2013 at 2:22 PM
Ken from Ken's Kitchen said...
Branding tenants sounds so wild west.
July 12, 2013 at 3:13 PM
[Image][EVG file photo]
The Salvation Army's East Village Residence closed here at the Bowery and East Third Street in August 2008. (Find some history of the space here.)
In January 2011, Lois Weiss at the Post reported that the France-based Louzon Group had bought the building for $7.6 million and were planning on opening a new hotel here.
And not just any fucking hotel. Remember?
Ready? Brace.
[Image][Via the Observer]
(And yes — that's a Jumbotron up there.)
Anyway, never heard anything else on this project ... no work permits were filed, etc.
Here's why. The Lo-Down reported yesterday that "Glauco Lolli-Ghetti, the principal at Urban Muse, a privately held real estate firm that 'acquires, develops, repositions, operates and brands' both commercial and residential real estate," bought the space in a $16.3 $19 million deal.
What do they have planned? No idea yet. But whatever — don't show them that hotel rendering!
Previously on EV Grieve: Reactions to new Bowery hotel: 'It would be cheaper and more useful just to blow up the building and leave a 30-foot crater'
3 Comments
Close this window Jump to comment formWow, I had been wondering just the other day what was happening with that abomination, thanks for the great news!
July 12, 2013 at 7:14 AM
"Acquires, develops, repositions, operates & brands"- That's a mouthful!
July 12, 2013 at 2:22 PM
Branding tenants sounds so wild west.
July 12, 2013 at 3:13 PM