As One Bowery Restaurant Supply Business Goes Bust, Another Takes Over
AAA Quality Restaurant Supply – a well-known equipment supplier at 272 Bowery – went out of business at the end of last year. The three-and-a-half-year-old Sunrise Rainbow Kitchen Supply, located two doors away at 276 Bowery since 2013, recently signed the lease and has taken over (and dropped the Sunrise).
This small section of the Bowery – between East Houston and Prince Street – really is the last bastion of the once-dominant restaurant supply industry. There are now nine such businesses remaining on the block, based on our latest count.
This lost battle is just another in a series defeats at the expense of Bowery 2.0. Luxury living and the institutions to match it continue rolling down the thoroughfare, from top to bottom. High-priced condos are paired with galleries, upscale boutiques, and trendy restaurants that turn over at an unsustainable rate.
Meanwhile, back at 276 Bowery, the storefront canopy is gone, revealing the photogenic cornice. Another prime space open for the taking. It’s worth a reminder that this address was included in the massive Bowery real estate portfolio (11 buildings) that sold to Joseph Betesh for an astronomical $62 million in summer of 2013.
Remember when this place was Nike’s Bowery Stadium? Forever ago…