135 Bowery

Caspi Development Looks to Flip 135 Bowery for $25M

Posted July 13, 2017 at 5:00 am

It’s quite sad that 135 Bowery has gone from historic Federal-style row house to little more than another Lower East Side speculative property. Its current owner of roughly two years – Caspi Development – is now looking to unload the property for $25 million. If the price is right, that’s a $9 million profit. Cushman & […]

Filed Under

Streets

East Village Noodle Bar Owner Opening ‘Tang Hotpot’ at 135 Bowery

Posted April 4, 2017 at 5:10 am

The saga of 135 Bowery is entering its next chapter. Already established as a tech incubator of sorts in the year-and-change since Caspi Development took control, the ground level of this former flashpoint property had remained bereft of permanent occupancy. Aside from a handful of pop-up establishments (e.g. Nike), it remained largely dormant with perennial […]

Filed Under

Streets

With Several Startups on Board, 135 Bowery Becomes a Tech Incubator

Posted July 8, 2016 at 5:10 am

Can it be? Yup, looks like the troubled 135 Bowery finally has its first tenant. In a further boost to the burgeoning startup scene on the block, another tech newcomer called Breather just moved into the fifth floor. The choice location – 135 Bowery – was previously home to a wood-framed, Federal-style row house dating […]

Filed Under

Streets

Street Artist FAUST Gets Big Ups with Bowery Tag

Posted March 14, 2016 at 5:12 am

The real estate firm that brought Shepard Fairey to the heights of Bowery in 2014 (“The future is ours”) is going big again. Caspi Development just commissioned street artist FAUST to add a touch of cursive to another of its properties. Just a block to the south. Last Friday, in his signature script, FAUST scrawled the […]

Filed Under

Art

Streets

These Investors Hope to Transform the Bowery into a New Tech Sector; Nike Adds Holiday Pop-Up Shop There

Posted November 12, 2015 at 5:18 am

​Catching up on some news from a few weeks ago. Flashpoint Chinatown property, 135 Bowery, finally changed hands last month after more than three years on the market. The brick property, located just north of Grand Street, was previously home to a wood-framed, Federal-style row house dating to 1818. Unfortunately, the structure was leveled in 2011, […]

Filed Under

Streets

135 Bowery Replacement Shows Off Its Shiny New Brickwork

Posted August 26, 2014 at 6:00 am

Herewith, an update on that new construction that replaced the Federal-style rowhouse at 135 Bowery. The property is three years in the making, with construction having kickstarted roughly eight months ago after a lengthy holding pattern. Whatever might have remained of the original structure is no longer recognizable, if even there at all. Instead, we now […]

Filed Under

Streets

Op-Ed: Taking Stock of the Surviving Federal-Style Row Houses on the Bowery

Posted March 27, 2014 at 10:07 am

The storied Bowery, today running from Chatham Square to Cooper Square, is a broad, crooked arc, first traversed on foot by Native Americans then enlarged as a wagon road by the Dutch in 1626. Incredibly, not only does it still retain most of its original footprint but there are still a surprising number of row […]

Filed Under

Streets

135 Bowery Replacement Building Finally Moves Forward with Construction

Posted December 6, 2013 at 6:00 am

It’s aliiiiiiive! After a seasons-long holding pattern, 135 Bowery is officially returning to the ranks of the living, albeit as a modern development. New scaffolding is in place. Also, contractors are currently assembling the Erector Set steel beams for the four-story tumor that will sprout from the destroyed remains of the former Federal-style row house. […]

Filed Under

Streets

135 Bowery Foe Implicated in NYC Political Scandal

Posted April 11, 2013 at 6:20 am

Hindsight might be 20/20, but neighborhood activists certainly smelled fish of some kind amidst the 135 Bowery fiasco. The federal style row house had been landmarked for a minute, then just as quickly demolished after the City Council overturned the ruling of the Landmarks Preservation Commission. Since then, it’s dormancy and a real estate listing […]

Filed Under

Streets

Demolished 135 Bowery Up For Sale

Posted September 4, 2012 at 6:09 am

You’ll recall that Councilwoman Margaret Chin flip-flopped on landmark status for the centuries-old building, angering neighbors, local preservationists, and historians in the process.

Filed Under

Streets