Lighting District

Trio of Bowery Lighting District Buildings Sells for $24M

Posted June 16, 2017 at 5:14 am

Seven months after a slate of Bowery buildings first hit the market, a buyer just emerged. The family of Bowery landlord David A. Cohen sold 162-166 Bowery to investor Ari Zagdanski (Kinsmen Property Group) for $23.5 million, which is $6.5 million under the initial asking price. The deal reportedly went through this week, thus ending […]

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3 Buildings on the ‘Tidal Wave that is the Bowery’ Hit the Market for $30M

Last modified November 15, 2016 at 11:20 am

Grab a life jacket and brace yourselves for the cresting tidal wave. Everywhere you look on the Bowery it’s development… When Oggi Lighting shut its lights for the last time back in April, we had a premonition that something bad would happen here. After all, 162-166 Bowery is a low-rise strip of mixed-use buildings with […]

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Demolition Begins at 139-141 Bowery for New 11-Story Mixed-Use Development

Posted June 7, 2016 at 5:00 am

The death shroud is unveiled; get ready for more carnage in the Bowery’s once-proud lighting district. Two more pre-war structures are about to meet the maker. Netting and scaffolding were altogether assembled at 139-141 Bowery last week, signaling the beginning of demolition activity. Once excised from the block, a shiny new eleven-story building will take its […]

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It’s Lights Out for ‘Oggi Lighting’ Longtimer on the Bowery

Posted April 19, 2016 at 5:10 am

It’s lights out for another Bowery stalwart. Oggi Lighting at the southwest corner of Kenmare Street is going out of business. The loss marks another blow to the lighting district, which has been hemorrhaging business for years. A large yellow sign in the window of 166 Bowery announces the forthcoming closure and requisite clearance sale. […]

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Emmut Properties Plans Another 8-Story Development (Condo/Hotel) at Bowery and Broome

Posted April 8, 2016 at 5:00 am

With all the recent talk of Emmut Properties on the Bowery these days it’s disheartening to learn of plans in store for the southeast corner of Broome Street. The heart of the endangered lighting district. The Hell’s Kitchen-based developer acquired the three-story building at 331-337 Broome (aka 151-153 Bowery) back in March 2014. And unlike their […]

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Bacchanal Aborts Bowery Business After Less Than Two Years

Posted December 30, 2015 at 5:00 am

That’s it, folks. Bacchanal on the Bowery is done for. After all the pay-to-play press, inflated hype, and local opposition, it appears that proprietor Peter Poulakakos pulled the plug on his lighting district restaurant-bar. 146 Bowery is now quiet, its windows sheathed in butcher paper; moreover, the business line goes unanswered and social media presence […]

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In a Threatened Federal Row House on the Bowery, 2 New Businesses Take Hold

Posted December 29, 2015 at 9:38 am

As the figurative wrecking ball smashes into three of the oldest buildings on the Bowery, two of its adjoining brethren remain stoic. Still standing tall are 134 And 136 Bowery, spared demolition for at least the time being. Two new commercial tenants recently signed loft leases in the property, signaling said reprieve. First up is […]

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11-Story Mixed-Use Tower is Planned for 139 Bowery

Posted December 18, 2014 at 5:00 am

New developments in the Bowery lighting district are becoming more commonplace these days. The frequency of property transactions and building renovations seems more frantic than in the past. Just look at what happened at 134-142 Bowery, which collectively netted $45 million last month. Computer printouts on the ground level of 139 Bowery just across the […]

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$45M Bowery Transaction Pushes New York Lighting Two Doors Down

Posted November 13, 2014 at 5:00 am

Things are moving fast down at Bowery and Broome, where a block of five buildings recently sold for $45 million. The 75,000 square-foot “development site” had been pitched for over a year, but the transaction finally went through last month. 134-142 Bowery, including a pair of eighteenth century Federal-style row houses, is now in the […]

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Sale of Five Bowery Properties for $45M Threatens Its Rich Cultural History

Posted October 31, 2014 at 6:09 am

Yesterday afternoon, we broke the blockbuster news that five historically significant buildings on the Bowery were sold as a package deal for $45 million. While still unconfirmed, it’s rumored that the buyer is John Young of Emmut Properties. Luxury living is allegedly planned for the 75,000 square-feet of buildable real estate, whether through rentals or […]

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