Today The Post reports that the Paris-based Louzon Group has purchased the Salvation Army Building on the corner East 4th Street and the Bowery for $7.6 million and plans to build a 65-room boutique hotel and restaurant on the site. As Curbed points out, this is an interesting development given the space's recent history.
Back in the summer of 2009, upscale sushi joint Koi proposed a large restaurant and lounge for the space, which Community Board 3 immediately derailed over complaints about yet another glitzy establishment opening on the Bowery. At the time, the restaurant's backers told the board that if they were rejected, the next buyer would probably convert the space into condos or a hotel. But they were unmoved. A Cruel, cruel Bowery prophecy.
· $20M trim seen for Flatiron site [NYP]
· Boutique Hotel and Restaurant to Replace Bowery's Salvation [Curbed NY]