The Diamond Corner at 88 Bowery Next to Fall; Space Now for Rent
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The Bowery micro jewelry district is losing an anchor tenant at the southwest corner of Hester. Carpetbaggers to follow.
The Diamond Corner, which occupies a sizable 9,714 square-foot space at 88 Bowery, will soon close. That means three different jewelry stores – Jewelry Design By Sara, May-Bo Jewelry, Natalie Jewelry – are more than likely throwing in the towel. But even before the real estate is vacated, brokerage RKF already has a listing in circulation.
88 Bowery is being touted as a prime retail opportunity for some sort of “flagship” establishment. Like a “financial institution.” How about another bank? Hell, there are already five within a stone’s throw – Capital One, Chase, TD Bank, East West, and HSBC. Anyway, monthly rent is not listed in the broker literature, but we imagine it’s probably in the stratosphere.
On another note, we always had a fondness for the “Hangman” signage of this joint. The vintage lettering that barely managed to stay in place, and continues to drop.