Former Bowery Restaurant Supplier to Sprout 5-Story Office Development
Three years ago, a former restaurant supply shop on the Bowery changed hands. Now, unsurprisingly, the new owner – L3 Capital – has plans to redevelop the property.
Approved permits on file with Department of Buildings indicate that the stout brick tenement at 216 Bowery is to remain – albeit unrecognizable – and sprout a two-floor tumor with snazzy roof deck. Plans submitted to the city show a five-story building with ground-level retail and four floors of office space (totaling 5,700 square-feet).
Crude renderings of the newcomer first began circulating last summer, but there is now an update. Designer David Grider Architect went back to the drawing board for a totally different look.
The Balter supply business (located across the street) owned 216 Bowery for thirty-six years before selling to L3 Capital in March 2016 for $13 million.