205 Chrystie Purchased; Matt Levine to Open New Restaurant

Posted on: February 24th, 2012 at 6:43 am by

In the two-plus years since the 205 Club officially exited the Lower East Side nightlife game, little to nothing visible has transpired here. Except for maybe the placement of the heartfelt note to the Vietnam veteran living in the building.  However, within the last few months, there’s been some rustling about on premise.  And now we know why. The times they are a-changin’.

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According to industry details released yesterday afternoon, DelShah Capital, which already owns 133 Essex, recently expanded its real estate portfolio by acquiring 205 Chrystie Street. As part of the deal, it appears that nightlife maven Matt Levine’s Brandsway Hospitality will be introducing a new “restaurant-lounge concept” with a scheduled opening of later this spring. The 2,500 square-foot space in split between two levels. No word yet on more conclusive details about the venture, but we’ll keep you in the know.

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DelShah principal Michael Shah and Levine are both behind Sons of Essex at 133 Essex Street.

And then there’s this. Grab the Tums…

DelShah Capital absolutely loves the Lower East Side. As a neighborhood, it is further gentrifying and epitomizes the melting pot of New York City. The area is also home to some of the city’s most interesting art galleries, fashion boutiques, new restaurants and leisure locations. It’s no surprise that more and more people are moving here from all parts of the city – there is growing potential for commercial and residential real estate in this neighborhood.

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