Returning to the Bowery ‘Bunker,’ Where Yet Another Brokerage Tries to Rent the Retail
Another year, another attempt to pitch the retail unit at 222 Bowery.
More than two-and-a-half years after Green Depot departed the storied “Bunker” building, the former environmentally-concious hardware store remains a vacant shell of itself. At least two different brokerages tried to make a deal here, most recently RKF. However, it was under the tutelage of Sinvin in late-2013 that restaurateurs Joe Carroll and Stephen Starr (Starr Restaurant Group) had been battling both the community and city in order to open an “approachable” steakhouse here. (All while the store was still open.) The establishment didn’t get off the ground thanks to local opposition led by the Bowery Block Association that alleged the proposed restaurant violated the 1987 shareholder agreement with the 222 Bowery co-op.
Into that mess now walks Eastern Consolidated, which has become a major presence on the Lower East Side these days. The vinyl window shades arrived last week, indicating in no uncertain terms that retail will be the only consideration here. Overhead for the business – $100,000 per month for 8,000 square-feet split between ground and basement (i.e. $150 per square-foot).