Looking at the New Ludlow House Annex Atop Demolished Libation Site
Well, that was quick. With Libation excised from the Lower East Side, the hole is now filled. Taken over by Ludlow House.
The building at 137 Ludlow Street was demolished last year, and replaced in a matter of months. In fact, it’s already operational. The architecture of this one-story newcomer mirrors design elements of its neighbor at 139 Ludlow, including arched entrances and lantern lighting.
As previously reported, the so-called Ludlow Garden annex –four years in the making – occupies the ground floor and cellar. The main level is for a 41-table restaurant called Lou’s that extends into the rear garden, and is shielded by a retractable roof; the basement will boast a soundproofed recording studio and extra bathrooms for Ludlow House.
While demolition and redevelopment was ongoing, the Ludlow Street property traded hands. Ron Burkle’s Yucaipa Companies purchased the former four-story building for $15.3 million from Princeton Holdings. The seller nearly doubled its five-year-old investment.