Rumor: Gap or Banana Republic Taking Over EarthMatters?

Posted on: September 5th, 2012 at 10:18 am by
This image has been archived or removed.

Today in reader rumor mongering, we hear word of a possible big box replacement tenant at 177 Ludlow Street. One with checkered history here on the Lower East Side.

You’ll recall that local favorite EarthMatters is exiting the neighborhood later this month after more than a decade in business on the ground level. The Ludlow real estate is now available for the taking, likely brought about by the impending sale of the building itself. Asking rent is $25,000 per month. What deep pockets could afford this?

Funny you should ask. Talk inside EarthMatters points to the Gap or Banana Republic (same parent company) as possibly opening shop here. The chances of this happening might appear rather slim, as Ludlow seems like an unlikely spot for a Gap outpost. But then again, so did St. Mark’s Place back in 1988. As our tipster quipped, “God help us all if it’s true.” We’ll keep you posted either way.

Recent Stories

The New Martial Arts ‘Workshop’ on Delancey Street

While the former Ludlow Fitness upstairs studio remains dark, its onetime basement annex is again active. With another gym. Workshop NYC last month signed a lease for the lower-level space at 92 Delancey Street. It’s now a dedicated martial arts studio with dual training programs headed by Brazilian Jiu Jitsu blackbelt Jin Yung and Muay […]

Excavation Underway for 30-Story Tower at Beth Hamedrash Hagadol Site

On the backside of Essex Crossing, another gargantuan development is full steam ahead. Poised to cast more shadows. The excavators have been moving earth at the former Beth Hamedrash Hagadol site on Norfolk Street for over a month. Readying the parcel for the foundation to support a towering development (aka GoBroome) that will ascend thirty […]

Man Fatally Stabs Brother in One of Two Knifings at Alfred Smith Houses this Weekend

Two men were stabbed within twelve hours, one fatally, in separate incidents at the Alfred Smith Houses over the weekend. Both incidents transpired in the same building (15 St. James Place), one of which carrying the distinction of the first homicide of the year in the 5th Precinct. On Saturday afternoon, a domestic dispute at […]

‘November 19’ Home Goods Store Headed to Orchard Street

Down at 37 Orchard Street, it’s one trendy home goods store to the next. You’ll recall that the seven-year-old Coming Soon relocated just down the block to the corner of Canal Street. (The former Alexander Olch boutique.) That was back in late-October. Now, six months later, the Hell’s Kitchen- based November 19 decor shop is […]

Moxy on the Bowery is Still Happening, After All

Nearly three years later, the Moxy Hotel planned for 151 Bowery appears on pause. But its parent company, Marriott, is betting that this property, among others, will help shepherd in the rebound. A neighbor who lives nearby noticed that construction was halted at the beginning of the year, with little movement since. At the time, materials […]