Wednesday, May 18, 2016

Thor Equities is the new owner of Patricia Field's former retail condo on the Bowery

[EVG photo from January]

As we noted in January, a storefront-for-rent sign arrived outside the outgoing Patricia Field boutique at 306 Bowery.

Apparently there's a reason Thor Equities had the listing. According to the Commercial Observer, Thor Equities is also the new owner of the building. The $8.2 million sale closed Monday.

“The Bowery is continuing its transformation into one of Manhattan’s most vibrant shopping corridors, fueled by the area’s new residential development, boutique hotels, museums, art galleries and nightlife,” Thor Chief Executive Officer Joseph Sitt said in a statement.

Not sure if vibrant is the right word.

The John Barrett luxury hair salon shut down at Bond Street after just a few months in business. Other recent closures include Environment Furniture ... PYT and SRO Pizza ... and Tatyana Boutique. (There's not even a place for the former "Most Interesting Man in the World.")

As for 306 Bowery, there isn't any mention of the asking rent for the space that totals 6,700 square feet and features a separate entrance on Elizabeth Street. And here's a rendering of the possibilities...

Thor has also purchased 176 Bowery and 195 Bowery in recent years.

As for Field, she announced late last year that she was closing her boutique at 306 Bowery to concentrate on her film and TV work and other various projects. She operated a boutique in various locations downtown for 50 years.

As for Sitt and Thor Equities, they have been busy in Coney Island.


Gojira said...

Joe Schitt - another thug for whom I hope there is a suitably toasty place in Hell.

Anonymous said...

Dunno man that rendering looks almost realistic to me. Let's face it, this whole place is looking more like the real-estate office renderings every day. I's sad.

Anonymous said...

The Bowery Mission is vibrant and busier than ever.