190 Bowery Scores ‘Jumbo Pop-Up’ Tenant with Totokaelo Emporium
The Germania Bank Building on the Bowery finally scored a ground-floor retail occupant, albeit on a temporary basis.
“I’m optimistic that this short-term agreement will turn into a long-term one,” RFR Retail Executive Vice President Jordan S. Claffey told the paper.
Totokaelo was founded in Seattle in 2008, and peddles designer lines including Acne Studios, Comme des Garçons, Jil Sander, and Proenza Schouler. The brand also has a location nearby at 54 Crosby Street.
Rosen’s RFR Realty purchased the Germania Bank Building from photographer Jay Maisel three years ago for $55 million. Until now, the Great Bowery – a consortium of creative agencies – had been the only commercial occupant in the building.
They’re still seeking a permanent tenant willing to cough up $2 million per year for the retail space.