Rumor: Duane Reade to Take Over EMM Group’s 199 Bowery

Posted on: October 7th, 2014 at 9:43 am by
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It’s no secret that EMM Group is struggling to maintain the success of The General and Finale on the Bowery. Co-owner Mark Birnbaum even admitted to the State Liquor Authority that his bait-and-switch club complex “has been a disaster for us.” We also noted last month that the “restaurant” front to the club stooped to offer Groupon meals presumably to bolster business. Not to mention, there was industry chatter over the summer about the gargantuan space being “quietly on the market and shopped around” for potential replacements.

Well, word on the street now is that a suitor may have taken the bait. One with deep pockets and a location seemingly on every corner. Yes, a Boogie birdie boldly claims that a Duane Reade outpost will open here in the near future. The rumor is thus far unsubstantiated, though.

We figured that Duane Reade would be eyeing the ground floor of the Germania Bank Building across the street (190 Bowery), which sold for an undisclosed sum last month.

If the talk proves true, this would be the first Duane Reade outpost on the Bowery proper since Peter Poon’s hotel knocked one down in 2012 for a 22-story hotel. The potential arrival of the pharmacy chain at 199 Bowery is probably sweet music to the ears of embattled condo owners who have warred with EMM since inception in 2012.

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