Bowery Lighting District Dims with Loss of Another
A Bowery lighting business is on the verge of closing its two showrooms.
Discount signage in the store windows of 162-166 Bowery reveal that both The Lighthouse and New York Lighting are kaput. You’ll recall that the latter vacated its longtime space further south in February 2018, and consolidated operations at the former.
The retailer – no doubt battered by pandemic times – appeared to be operating on borrowed time anyway.
The trio of properties, which also included SleePare on the ground level, sold to investor Ari Zagdanski (Kinsmen Property Group) in June 2017 for $23.5 million, which was $6.5 million under the initial asking price. At the time of sale, there weren’t known plans to raze and rebuild. Three years later, that narrative seems intact, as there are no permits on file with Department of Buildings.