Wednesday, January 15, 2014

Claim: 347 Bowery will be home to a 13-story mixed-use residential development

[EVG file photo]

We posted the news yesterday that 347 Bowery will be demolished ... While there are demolition permits, there's nothing on file with the DOB about what's coming next to the Salvation Army's former East Village Residence here at East Third Street.

However, an EVG tipster pointed us to a Fundrise site for Urban Muse, who owns 347 Bowery. According to the site:

347 Bowery is a 13-story, 30,000 SF ground-up mixed-use residential development. The project will include five 3 bedroom homes ranging from 2,100 to 4,000 SF, two 2,000 SF commercial units and one 6,800 SF retail unit.

The site includes a thumbnail sketch...

We'll see if this is what actually comes to the Bowery.

The Lo-Down reported last July that Urban Muse, a privately held firm that "acquires, develops, repositions, operates and brands" commercial and residential real estate, bought the space in a $19 million deal.

The Salvation Army's East Village Residence closed in August 2008. (Find some history of the space here.)

Previously on EV Grieve:
Whatever happened to that really ugly hotel planned for the Bowery?

Permits filed to demolish former Salvation Army residence on the Bowery

The Salvation Army's former East Village Residence will be demolished on the Bowery


Anonymous said...

I didn't realize that the this address included the red brick building and the adjacent (stone clad) building. Can anyone confirm this?

Laura Goggin Photography said...

Midtown South, here we come.

bowboy said...

Build a new high rise there and all it does is kill the views of the high rise next to it. Each new building just reduces the value of its neighbor. They are just screwing each other. A pox on all their high houses.

Wax said...

Another ugly ~~modern~~ building... These real estate developers have bad taste. Ugh.

Uncle Waltie said...

Construction is shifting into high gear now at the corner of 6th and Bowery. I pity the poor guests of The Standard Hotel............nahh, just kidding.

Anonymous said...

affordable housing does not exist for everyone.