B Bar on the Bowery Now a Development Site as Owner Sells $59.5M Interest

Posted on: October 16th, 2019 at 5:00 am by

June 2018

Seems fitting that the bar integral to the Sex and the City story will fall victim to the forces of gentrification.

B Bar & Grill (aka Bowery Bar) owner Eric Goode – whose hospitality credits also include the Bowery Hotel, Ludlow Hotel, and the Jane Hotel – is apparently co-developing the site for a much larger project. Which means, twenty-five years after opening, the once formidable nightspot is not long for the Bowery.

As reported by EV Grieve, CB Developers (begins several High Line developments) purchased a $59.5 million interest in 358 Bowery, currently owned by Goode. (He purchased the site from Cooper Union in 2004 for $5.5 million.)

The hotelier has also been quietly amassing air rights from the neighboring properties, as disclosed by PincusCo:

In January and February 2017, Goode filed records with four additional parcels into a single zoning lot which would allow for a larger building on the site. In addition, Goode paid Granite Management, which owns two of those buildings, $1.6 million for 4,670 square feet of development rights and Goode paid $1.8 million to a small cooperative building at 32 East 4th Street for 4,012 square feet of development rights.

As for B Bar, its heyday was the late-nineties. That’s when the gas station-turned-bar attracted the stars.

“If I had to characterize who was there, I’d say everybody,” Goode told the New York Times in 2018. “It was Russell Simmons at one booth, Naomi Campbell at another, Ian Schrager at another.”

In 1995, Sex and the City columnist for the New York Observer, and B Bar regular, Candace Bushnell, met the duo that would publish the anthology that led to the HBO series.

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