Postings

RKF’s Bowery Bustle, Mapped

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Wine bars really began to supplant winos on the Bowery in 2007, when Whole Foods, the Bowery Hotel and the New Museum of Contemporary Art all opened on New York’s fabled broken boulevard. The 2008 market crash did little to slow skid row’s transformation into the Meatpacking District East (see: The Standard, East Village Hotel at 25 Cooper Square, just off Bowery).

Now the Downtown thoroughfare is poised to enter yet another phase of redevelopment. Intermix, the self-proclaimed “fashion boutique for trendsetters, A-Listers and glam fashionistas” opened in May at 332 Bowery, a former bodega. And last month, a portfolio of 11 mixed-use buildings sold to hip-hop clothier Joseph Betesh for $62 million.

The retail brokerage RKF is at the front of this gold rush. And Senior Director Brian Segall has become the firm’s Bowery guru. Last week, Mr. Segall and Robert Futterman, RKF chairman and chief executive, led The Commercial Observer on a tour of the company’s Bowery assignments, which (to the dismay of preservationists including Martin Scorsese) bolster RKF Executive Vice President Ariel Schuster’s prediction that the Bowery will soon be “one golden strip.” Read More

Retail

Retail Run on Bowery

Bowery is fast becoming a retail hotbed. (image: Peter Guthrie on Flickr)

Much has been made of the metamorphosis of the Bowery from one time skid row to trendy runway. Boutique hotels, apartment buildings, the New Museum and residential developments have landed and it seems retail is realizing the street’s potential.

“I really think it’s coming together down there,” said Faith Hope Consolo, chairman of the retail Read More

The Street Where You Live: The Bowery, Scrubbed

The disreputable ghosts of Boweries past-the gangsters, vagabonds and punk rockers who saw the street shape—shift over the past century and a half—likely have more in common with each other than with the citizens of the Bowery lately. The last few years’ barrage of the new (new luxury condos, new cuisine, the boxy Read More