Kinky retail architect Peter Marino is no square, but his daughter’s a different story: Isabelle Trapnell Marino just picked up a two-bedroom condo at the sleekly rectangular Morris Adjmi-designed 250 Bowery.
Scooping up the apartment for more than $2.2 million, we’re guessing that the 21-year-old Ms. Trapnell Marino—whose father teared up in an interview when he mentioned that she gave up her art history major for anthropology—got a little help from mom and dad with the purchase.
Wine bars really began to supplant winos on the Bowery in 2007, when Whole Foods, the Bowery Hotel and the New Museum of Contemporary Art all opened on New York’s fabled broken boulevard. The 2008 market crash did little to slow skid row’s transformation into the Meatpacking District East (see: The Standard, East Village Hotel at 25 Cooper Square, just off Bowery).
Now the Downtown thoroughfare is poised to enter yet another phase of redevelopment. Intermix, the self-proclaimed “fashion boutique for trendsetters, A-Listers and glam fashionistas” opened in May at 332 Bowery, a former bodega. And last month, a portfolio of 11 mixed-use buildings sold to hip-hop clothier Joseph Betesh for $62 million.
The retail brokerage RKF is at the front of this gold rush. And Senior Director Brian Segall has become the firm’s Bowery guru. Last week, Mr. Segall and Robert Futterman, RKF chairman and chief executive, led The Commercial Observer on a tour of the company’s Bowery assignments, which (to the dismay of preservationists including Martin Scorsese) bolster RKF Executive Vice President Ariel Schuster’s prediction that the Bowery will soon be “one golden strip.”
THERE GOES THE NEIGHBORHOOD
Much has been made of the metamorphosis of the Bowery from one time skid row to trendy runway. Boutique hotels, apartment buildings, the New Museum and residential developments have landed and it seems retail is realizing the street’s potential.
“I really think it’s coming together down there,” said Faith Hope Consolo, chairman of the retail Read More
The Bowery now has a Freitag boutique and a Whole Foods. Galleries and trendy restaurants rub shoulders with wholesale kitchen equipment suppliers (at least it’s convenient for the restaurants). The question of gentrification is not if or when but how fast. This should not be news to anyone who lives or works below 14th Street, particularly not an art gallery that opened on the Bowery last year.
And yet, one of the more bitter battles currently being fought over neighborhood change and development has pitted the year-old Sperone Westwater gallery against a proposed 25-story hotel and tower next door, according to The Wall Street Journal. The twist is that although the art gallery has won some local residents to its cause, the tower has garnered the support (via rent guarantees) of an affordable housing development that borders the planned project.
Last Thursday, as one of several photographers pointed his lens, two grown men posed by their paintings, shyly smiling and giving no indication whatsoever that they were the reason everybody was gathered. They were young street artists, Iranian siblings ICY and SOT, whose exhibition of around 30 paintings, titled MADE IN IRAN, spent just three days in the Open House Gallery on the Bowery last week.
“They’ve been in New York less than a month,” Mona Dehghan, the artists’ PR rep, told us. “They have been arrested and the like back in Iran for what they do. Expressing yourself creatively is still something that is not fully understood, so to do it illegally on the street is a definite no-go. They are here seeking asylum.” Though they shouldn’t forget that graffiti is a punishable crime here too, they moved to a country where street art is considered high art. Street art’s prominence in the gallery scene has gone hand in hand with the increase of economic disparity in the West, as rebellion and anarchy are suddenly exciting prospects. People such as Banksy and Dan Witz have wrenched street art’s reputation and dragged it from the alleyways, and we asked the artists if the fame of these other artists has had a positive or negative effect on their own careers, especially considering we had heard more than one attendee utter the phrase “It looks like a Banksy.”
As far as we can tell, CBGB is little more than a series of letters appearing on t-shirts in suburban malls. Apparently it was a rock club once, right? Well, anyway, now that three Ramones are dead and David Byrne is busy with White House Correspondents dinner bashes and whatnot, it’s time to Read More
Last week it was revealed that a new boutique hotel would replace a Salvation Army shelter on the Bowery, driving the final slender, glassy nail into the old, down-and-out Bowery’s coffin.
Today, the deal with the French Louzon Group to buy the site was finalized, and with it new renderings for the project were Read More
Once the site of flophouses, pawnshops and dive bars, the Bowery is fast becoming a headquarters for contemporary art and architecture. The New Museum’s critically acclaimed opening there three years ago ushered in what its director, Lisa Phillips, rightfully dubs a “Bowery Renaissance.” The area takes another step up with the Sept. 22 Read More
Five months after the Department of Buildings approved a proposal for renovation at 135 Bowery, building owner Ricky Wong received an unwelcome letter from the city’s Landmarks Preservation Commission.
The LPC wanted to designate his small, three-story building, a specimen of the early 19th-century Federal style, as a city landmark. Such a ruling would likely Read More
The disreputable ghosts of Boweries past-the gangsters, vagabonds and punk rockers who saw the street shape—shift over the past century and a half—likely have more in common with each other than with the citizens of the Bowery lately. The last few years’ barrage of the new (new luxury condos, new cuisine, the boxy Read More