Thursday, August 30, 2012
177 Ludlow hit the market for $6.25 million last September, as BoweryBoogie first noted. The 5-story, 15-unit building has been home to EarthMatters Organic Market and Restaurant since 2001.
Last month, The Lo-Down reported that 177 Ludlow was in contract.
The future looked bleak for the organic food market, especially with the listing that appeared for the ground-floor space the market occupies (asking rent is $25,000 a month).
EVG regular samo heard that, now that the building has been sold, the store is closing for good on Sept. 20. Management apparently told employees last evening.
No word on the plans for the building. As BoweryBoogie wrote, "the stout property is being pitched as a perfect opportunity for either a hotel or condo conversion. Two options this battered part of the neighborhood certainly does not need."
[Photo via the EarthMatters website]