Developer Closes On 138 Bowery Assemblage, Eight-Story Mixed-Use Development, Nolita

134-138 Bowery in October 2014, image via Google Maps134-138 Bowery in October 2014, image via Google Maps

Early last September, YIMBY reported on filings for an eight-story mixed-use building, with 64 hotel rooms and 21 residential units, at 134-142 Bowery, in Nolita. Now, developer Emmut Properties has purchased the assemblage for $47 million. The new development will measure roughly 47,000 square feet, and the residential units will probably be rentals, averaging just 659 square feet. Demolition permits were filed over the past year to raze the existing two- and three-story buildings.

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