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

Posted on: October 7th, 2014 at 9:43 am by
This image has been archived or removed.

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.

Recent Stories

Lower East Side Children’s Halloween Parade Marches this Weekend

Time to test run those kiddie costumes! The Henry Street Settlement’s second annual children’s Halloween costume parade and party is happening this weekend, and promises plenty of spooktacular fun for all ages. The parade route starts at Abrons Arts Center (466 Grand Street) and follows the beats of the NYPD marching band through the streets […]

Here’s Why DOT Shouldn’t Move Forward with Hated Chinatown ‘Gateway’ Art Design [OP-ED]

A glimmer of hope came over me last month when I was informed that Department of Transportation would delay its presentation to Community Board 3 regarding the controversial Chinatown “Gateway” marker. I was cautiously optimistic that Linda Lee’s “Dragon’s Roar” design would be scrapped due to unanimous local outrage and opposition, and that the selection […]

Lebanese Eatery ‘Manousheh’ Signs Lease for Seward Park Location

The year-long dormancy of the former Grand Street 7-Eleven is drawing to a close. In its place, a familiar Lebanese restaurant. Word on the street is that Greenwich Village import, Manousheh, just signed a lease for the vacated space. We’re told that asking rent had been about $18,000, but final price is unknown. Occupancy apparently […]

Game Over for ‘Water World Amusements’ Arcade on Essex Street

Much like the movie of same, Water World Amusements unceremoniously sunk. The arcade, which opened just over a year ago at 35 Essex Street, is no more. Gaming cabinets remain locked in the dark retail space, while leasing signage dominates the store marquee. That this game room failed to hit is not a shock. Water […]

‘Greens and Grains’ Shutters, While Famous Hakki Readies Essex Chicken Spot

Greens and Grains is no more after a year in business, as Hell Square eats another of its own. Instead, the so-called Pizza Champion is opening a chicken-focused eatery. Hakki Akdeniz, who owns a plethora of pizzerias around the neighborhood, is planning to open Essex Chicken at 115 Essex Street. Just a few doors down […]