Assessing the Over-Gentrified Bowery 2.0

Posted on: April 12th, 2012 at 6:18 am by

The marauding forces of gentrification are advancing the troops down the Bowery with heavy force, leaving a path of destruction known as Bowery 2.0.  Galleries, hotels, glass boxes, and unaffordable boutiques have already paraded south of East Houston. And the real estate industry is eating it up. The New York Post has a sprawling trends piece in today’s paper which covers the issue, employing broad-strokes to address the controversial upscaling we’ve discussed on Bowery Boogie these last three-plus years.  The explosion in change is maddening.

Chair Up on the Bowery

There are some updates on the following developments:

  • The second (Hot) Karl Fischer building at 255 Bowery won’t see daylight until the second half of 2013.
  • The in-progress 250 Bowery won’t top off for another month or so. Condo units here will be between $700,000 and $2.7 million.
  • EMM Group did sign the lease for 199 Bowery after all, and will bring more annoying trendy nightlife to the neighborhood.

If your blood isn’t boiling enough at this point, feast on these select bytes:

The appeal is not necessarily the Bowery itself, but “it’s more about the popularity of the bordering neighborhoods — Nolita, the East Village, the Lower East Side and Chinatown.”

“I ended up [on the Bowery] one summer in an NYU dorm,” says Jay Solomon, who also lives at Avalon Bowery. “I asked to live in a different dorm. I didn’t want to live around there.”

But just since 2007, “the area really changed,” he says. “There were younger people, more artists, more models, more fashion, more design people.”

“You see those buildings all down there?” asks Azoulay, pointing to the row of kitchen-supply stores. “All these places are moving to Brooklyn or Queens.”

Don’t fuck with Globe Slicers

Recent Stories

Photo: Jmeyers44
5 Arrested in Connection to the Fatal Second Avenue Explosion, Including Landlord [UPDATED]

Justice is coming. Nearly a year later, the city is finally charging those responsible in the deadly Second Avenue Explosion last March. Five people were arrested this week in connection with the blast – building owners Maria Hrynenko and her son, Michael, plumber Jerry Inonandis, and general contractor Dilber Kukic are each charged with second degree […]

onieals-seized
Onieals Pub on Grand Street Seized by the Taxman Last Night

We got a tip this morning that Onieals on Grand Street is down for the count. It would appear that the taxman paid a visit to the twenty-year-old establishment last night. The all-too-familiar orange sticker of doom was slapped onto the windows, letting everyone know that the establishment was “seized.” This closure is most likely […]

extell-building-update-2
Extell’s 80-Story Behemoth on South Street Ascends Past Plywood Threshold

​Down at the Extell waterfront site – aka One Manhattan Square – the first real sign of doom is now visible. Supports have just crossed the plywood threshold. Indeed, the pile-driving ceased and superstructure construction is no longer relegated to the depths of the pit. We now see the beginning of the end. The building currently boasts […]

190bowery-sheds
Germania Bank Building Shows off New Windows on the Bowery

​The Germania Bank Building is another leap closer to its sanitized vision. Most of the progress at 190 Bowery is hidden behind construction materials. Until this week, when half its scaffolding was carted away. It took some three months, but all the replacement window glass is now in place. Down on street level – the Spring […]

galli-ludlow
After 16 Months, Galli Restaurant on Rivington Street Wants to Cash Out

Sixteen months after debut, the Lower East Side outpost of Galli Restaurant is apparently on the rocks. Just like Rouge Wine Bar down the block. Proprietor Michael Forrest, the Board Chair of the Lower East Side Partnership (nee BID) who also happens to own 98 Rivington Street, just placed the space on the open market. Listings to […]

  • ————m

    time for the new-comers with their burb-brains and gated mentality to move on to brooklyn and queens!  this is where they will ultimately end up after all!

  • WoodsideAl

    No, no… please don’t send them here!  I left the East Village, I left Park Slope, I left Williamsburg…   Queens is my last refuge from those people.