‘One and One’ Walked Away from Opening a New Bar in Preserve 24 Space

Posted on: March 23rd, 2015 at 5:10 am by
This image has been archived or removed.

Looks like the former home of Preserve 24 on East Houston will continue to sit idle. Could this L-shaped property now be considered a cursed space?

There was a brief moment back in December when the owners of One and One (founded 1998) – Terry Dunne and Paul O’Sullivan – were thisclose to opening another booze den in this ginormous space. The plans were to open One for the Frog, which consisted of a “first class restaurant” on the main level serving a fusion menu of Mexican and French cuisine and a lounge in the basement. Neighbors didn’t buy that ruse, though, and feared another bait-and-switch. Turns out, they needn’t worry for the time being. The plan is terminated.

For their part, Dunne and O’Sullivan had made a concerted effort to meet with neighbors within earshot of the establishment and also with the LES Dwellers. Apparently there was an impasse (the sticking point was the necessity of a basement lounge until 4am), and the applicants decided to, well, pass. The decision to walk away allegedly stemmed from not wanting to jump into a quagmire and upset the neighbors.

This image has been archived or removed.

Evidence of the failed deal is now on the ground at 177 East Houston in the form of leasing banners. The advertisements sit in the windows on both the Houston and Allen exposures. Newmark Grubb Knight Frank is repping the property, but the official listing is not yet live.

The enormous footprint of this commercial unit – with entrances on two major streets – is too large to sustain a restaurant business model. Its only possible function at those high rents is a club. Or the space should be carved into separate stores again.

Recent Stories

The Ten Bells Rings in New Bushwick Bar

The Ten Bells is ringing in a new outpost – this time, not on the Lower East Side, but in Brooklyn. Bushwick, specifically. The natural wine bar has taken over a space that previously housed a Breaking Bad-themed coffee shop, Walter’s Coffee Roastery. The OG at 247 Broome Street is still alive and kicking, though […]

Graffiti Sheathed Burger King on Delancey Street Looks Burned Out [Updated]

Don’t call it a BK bust just yet. The Burger King on Delancey Street continues its devolution, but we are assured it remains operational. Despite its looks. Enveloped in graffiti and plywood boards for the majority of the pandemic (owing thanks to a car that landed inside the restaurant) the fast food joint had nevertheless […]

City Turbo Charges Essex Street Municipal Garage with Electric Car Stations

The municipal parking garage on Essex Street is charged up for a new future. That of electric vehicles. Last week, the Department of Transportation unveiled four new fast-charging stations in the carpark. The addition on the Lower East Side is the first in a rollout across the city for the technology, which provides an 80-percent […]

Bay Area Export ‘Beloved Cafe’ Aims to Serve by Month End on Allen Street

The Lower East Side will soon be flowing with golden milk. Beloved Cafe – a San Francisco-based vegan eatery and juice bar – is headed to 196 Allen Street. As previously reported, the new location is the first expansion for the company beyond its Bay Area environs. Ownership promises that the new cafe is to […]

Economy Candy Rebounds with New Store Layout

Economy Candy officially returned from the pandemic sidelines with a block party and fresh store layout. The celebration involved the Big Gay Ice Cream truck outside 108 Rivington Street, and Gotham chocolates parked inside doling free samples. In the remodel, the store did not lose any of its old-school-warehouse-meets-Willy-Wonka charm. And it’s now substantially easier […]