Based on the listing, it appears the future of this corner is destined to become high-end retail ... the rendering of the rebranded corner -- 73 East Houston Street -- shows lots of shopping bags and some thighs and calves...
The listing mentions all the new and fancy things that the New Era of the Bowery has to offer:
NEIGHBORS: Whole Foods, DBGB, John Varvatos, Vince, Tory Burch, Calypso, Blue & Cream and the New Museum
• On the same block as the new Keith McNally’s - Pulino’s Bar & Pizzeria Restaurant
• One block from Whole Foods
• Dense residential, seven day a week market
• Fantastic corner exposure
Is Cafe Colonial then the first victim in the McNallification of the neighborhood? It wasn't that long ago where Leonardo DiCaprio could be spotted here for brunch...