Friday, October 25, 2024

Office building on the former site of B Bar & Grill will be home to Chobani House — 'a new model for urban development'

Welcome to Chobani Town on the Bowery. 

The new 22-story office building on the SW corner of the Bowery and Fourth Street will be home to one tenant: The NYC-based Chobani, LLC, the food and beverage company initially known for its Greek yogurt.

Yesterday, the company announced more details about the late-2025 arrival of Chobani House at 360 Bowery, "a new model for urban development, combining business, community investment, and impact." (News of the lease was made last month.)

According to the announcement, "Chobani is embracing a new vision for how businesses can invest in and deliver sustained impact for their home community." 

Here's more: 
Chobani House will be home to its global business headquarters with employees working in office four days a week, a community kitchen preparing nutritious meals for those in need, an innovation center supporting Chobani's business and also bringing together global food scientists to advance solutions to help eradicate hunger, and an incubator lab for emerging NGOs and non-profits who are focused on social impact.
The over 120,000-square-foot building will include an "experiential retail space" and other organizations connected to Hamdi Ulukaya, Chobani's founder and CEO. 

Tent Partnership for Refugees, started by Ulukaya, is "a network of over 400 companies committed to helping refugees across a dozen countries in the Americas and Europe access local labor markets by helping them become job-ready." Shepherd Futures, Ulukaya's family office, bought Anchor Brewing in San Francisco this past spring. 

As previously reported, CB Developers paid $59.5 million for a stake in 358-360 Bowery, a gas station, before converting the lot into B Bar & Grill. That one-time hot spot (circa the mid-1990s) was expected to close in August 2020. However, the place never reopened after the PAUSE in March 2020

Foundation work started on the new building in the summer of 2022.

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