Exclusive Lighting at 168 Bowery for Rent
The famed Bowery lighting district might lose another seasoned soldier soon. After twenty years in business, it appears as though Exclusive Lighting will be exiled from its cornershop showroom at 168 Bowery. Their green awning at the corner of Kenmare Street is now adorned with three identical leasing banners. RKF is the broker for the space, which offers 5,250 square-feet across the ground level and basement. Price is surprisingly not provided in the literature [PDF].
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Meanwhile, The Real Deal published a lenghty piece about Kenmare gentrification last week, in which they talk to NYCRS managing director James Famularo about his collection of properties along the strip:
“There is a huge, dramatic change going on there on Kenmare Street,” said James Famularo, managing director of retail at New York Commercial Realty Services.
Famularo — who grew up in the area — has handled about a dozen restaurants on the strip in the last five years. He currently fields about 10 phone calls a day regarding Kenmare and areas nearby.
“With Kenmare, it was known first for the food,” Famularo said. “The coolness of the restaurants and lounges then brought in the retail boutiques. I’d say this is one of the hottest retail strips in Manhattan right now.”
And what do we learn from this? That Kenmare Street is just too upscale these days to waste precious real estate on the lighting district. The storefront has bar-slash-restaurant written all over it.