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Bowery 2.0

2011_01_hotelbowery.jpgThe Paris-based Louzon Group has completed its reported purchase of the old Salvation Army residence at 347-349 Bowery for $7.6 million, and they'll now go ahead with replacing the vacant three-story building with a 72-room boutique hotel and restaurant. Curbed has an early rendering. [Curbed New York]

347 Bowery, New York, NY