161 Bowery Storefront Now Asking $18k in Rent
More musical chairs in the Bowery lighting district could yield another bar situation.
The European Crystal Chandelier store on the Bowery had been threatening closure for a year. Signage affixed to the awning mention a closing period of seven days that stretched long after its promise. That day finally arrived last month, and the business consolidated a couple doors north at 165 Bowery.
Obviously the move from 161 Bowery opens up a rather large footprint for a new endeavor. And at a gouging $18,000 per month in rent, there’s really only one type of business that could open here. What else but nightlife? According to the real estate listing, published by Loopnet, both the ground and basement levels (combined 4,200 square-feet) are for rent at tiered pricing: $75/square-foot up top, $25/square-foot down below. The future occupant also has the option to lease the rather large ad space on the northeast side of the building (facing Delancey).
Best guess on what will open here?