Latest Stories In: Real Estate
250 Bowery Strips Down Ahead of Hurricane Sandy
The new dark-haired beast on the Bowery is ever-closer to bringing more well-heeled residents to the neighborhood. Saturday afternoon was the big striptease, as cherry pickers dismantled and dismissed the bars and netting from the brick facade of 250 Bowery after months onsite; presumably due to precautionary measures ahead of Hurricane Sandy touch down. Rare is the case, but the finished product is almost a spot-on replica of the renderings.
At the moment, the two-dozen luxury condos are ripe for the picking; not yet open season. Elliman is the exclusive broker for the property, which boasts 40,000 square-feet of overpriced one- and two-bedroom residences, and a pair of duplex penthouses. Prices start at $700,000 for the low-end units. Here’s an example of what to expect here.It’s been a long time coming for 250 Bowery, a onetime stalled-out eyesore that became a symbol of the economic slowdown. The trash-strewn lot, which was slated to become a “geothermal” boutique hotel, found its way into the hands of developer Zach Vella, who instead decided on condos.