From Emmut Properties:
The vacant properties at 138-142 Bowery in Lower Manhattan will soon receive a facelift. The three existing buildings, which have been neglected for quite some time, will be replaced by a new mixed-use building. The new structure will have ground floor and mezzanine retail space, as well as residential units on the upper floors. Due to the height restriction in the historic neighborhood, the building will be eight stories tall.
Emmut Properties realizes this building site has a great deal of history, and we want to do everything possible to preserve the look and feel of the Bowery. The development that is planned will not only revitalize this section of the Bowery into a more appealing place to live and do business, but we hope that it also increases the quality of life for the people currently living in the area.
Construction will start soon and is slated for completion in 2017.