The Real Deal New York

Bowery to get new 13-story residential project

January 15, 2014 03:55PM

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347 Bowery and rendering (Inset: Glauco Lolli-Ghetti of Urban Muse)

Manhattan-based developer Urban Muse is planning a 13-story mixed-use residential project at 347 Bowery in East Village, the latest development in the works along the busy, rapidly changing street.

The landlord filed permits to demolish the former Salvation Army shelter building at the site near Great Jones Street roughly six months after acquiring it from the Paris-based Louzon Hotel Group for $7.6 million, as previously reported.

The 30,000-square-foot development would include five three-bedroom units between 2,100 and 4,000 square feet; one 6,800-square-foot retail unit; and two 2,000-square-foot commercial units. Whether they would be rentals or condominiums is unknown.

Louzon Hotel Group planned a Gene Kaufman-designed boutique hotel on the site in 2011, reports show.

Elsewhere, a 178-room Ace Hotel is headed to 225 Bowery, while Gordon Lau is in the process of converting and enlarging a five-story tenement building at 169 Bowery, as previously reported. [EV Grieve]Mark Maurer

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