Image: Before the 2005 sale
It’s been two-and-a-half years since developer Aby Rosen of RFR Realty scooped up the former Germania Bank Building for $55 million. He bought it from photographer Jay Maisel, who in 1966 turned the then-abandoned landmark into his own private 72-room mansion. After removing the Nolita building’s iconic graffiti last summer, Rosen is now all systems go for his conversion to an office building with ground-floor retail. As the Post reports, Seattle-based fashion retailer Totokaelo (who counts among its designer offerings Acne Studios, Comme des Garçons, Jil Sander and Proenza Schouler) signed a lease for 8,918 square feet at street level. However, the deal only covers early fall through March 2018 for a large-scale pop-up store.
All the details ahead
190 Bowery getting a bath; photo via Bowery Boogie
Though the Landmarks Preservation Commission approved a proposal to restore the former Germania Bank Building at 190 Bowery with its controversial coat of graffiti intact, the on-again-off-again spray paint layer looks to be on its way out according to onlookers (h/t Bowery Boogie). Power-washing and a “paint-removal system” are reportedly underway, disappearing decades of scrawl.
Refresh your memory on what’s in the future for 190 Bowery
EDITOR’S NOTE: An RFR Realty representative reached out to Curbed to say that 190 Bowery is NOT for sale. The listing is not current and will be removed from Cushman & Wakefield’s site.
It seems like the saga of 190 Bowery is never going to be over. As you’ll recall, photographer Jay Maisel turned the former Germania Bank Building into his own private mansion and lived there from 1966 until February of this year, at which time he sold it to developer Aby Rosen of RFR Realty for $55 million. Like we previously said, “Since that time, it’s been all eyes on Rosen. Is he removing or preserving that iconic graffiti? What the heck happened with that ‘public’ art show inside the building?”
And though the Landmarks Preservation Commission approved plans in May for a restoration and conversion to an office building with ground-floor retail, it now seems that Rosen may be getting cold feet. Curbed reports that he’s taking offers for 190 Bowery in what looks like a very high-profile flip attempt.
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- Keith Haring’s six-story Statue of Liberty mural is going up for auction. [NYP]
- Turns out there is some validity to the “Whole Paycheck” nickname for Whole Foods. The grocery store has been overcharging for pre-packaged foods. [Gothamist]
- Past and present: Manhattan Beach’s “Apartcot” bungalow colony. [Brownstoner]
- According to an interview with real estate investor Aby Rosen, when Jay Maisel moved out of 190 Bowery, he left behind a 26-year collection of Playboy and Hustler magazines, as well as a collection of 5,000 screwdrivers, all lined up. [New Yorker]
- The creator of the pink plastic lawn flamingo has passed away at age 79. [Guardian]
Images: Whole Foods (L); 190 Bowery (R)
If you’ve been following the saga of 190 Bowery, the former Germania Bank Building turned private mansion, you know that photographer Jay Maisel sold it to developer Aby Rosen of RFR Realty for $55 million back in February (he paid just $102,000 for it in 1966). Since that time, it’s been all eyes on Rosen. Is he removing or preserving that iconic graffiti? What the heck happened with that “public” art show inside the building?
But what about Maisel? Well, he certainly made out well, swapping one mansion for another. The Times reports that he is the buyer of the $15.5 million brick carriage house at 177 Pacific Street in Cobble Hill, the most expensive single residence ever sold in Brooklyn. He did downsize a bit, though. As Curbed notes, 190 Bowery was 37,000 square feet, while his new townhouse is 10,000.
More on Maisel’s new home
The art opening at 190 Bowery took social media by storm a couple weekends ago when hundreds of people (who were likely more eager to get a look inside the iconic building than to peruse the art) lined up outside and were then promptly turned away when the event was changed from public to private. As The Lo-Down notes, curator and art dealer Vito Schnabel, who hosted the event with the building’s developer Aby Rosen, has now spoken out in the New York Times about the last-minute change of plans, saying that his main concern was “protecting the space and the art.”
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More good news from 190 Bowery! After finding out last week that the Landmarks Preservation Commission-approved plans for the building include keeping its iconic graffiti, we’ve now gotten word that the storied structure will open its doors to the public this Saturday evening, May 16, for an art opening.
The Lo-Down reports that Aby Rosen, the developer who bought the building for $55 million last fall and who is also an avid art collector, is hosting an art opening on the ground-floor in collaboration with curator and art dealer Vito Schnabel. The event runs from 5 to 8pm, plenty of time to take a look around the historic former Germania Bank Building.
More details ahead
After several weeks of back and forth on whether or not the new owner of 190 Bowery, Aby Rosen’s RFR Realty, would keep its iconic graffiti, it’s now official that the historic Germania Bank Building will remain in all its tagged glory. As Yimby reports, the Landmarks Preservation Commission approved the proposed restoration and conversion to an office building with ground-floor retail. The plan, conceptualized by preservation architecture firm Higgins Quasebarth & Partners with the help of MdeAS Architects, “calls for restoration of metal gates, wooden doors, stained glass, and other elements, but not removing the graffiti or cleaning the façade.”
More on the approved plans here
Those who have been mourning the loss of 190 Bowery to the clutches of the rich can breathe a slight sigh of relief. Just a month after having some of its graffiti removed, the WSJ reports that the former Germania Bank—and former home of photographer Jay Maisel—has just inked its first lease. The tenant, “a company made up of agencies representing creative professionals in the industry of luxury and fashion image-making” has signed on for nearly 30,000 square feet and says that it will maintain all of the building’s historic touches, from “its marble wash basins to the graffiti covering the lower part of the facade.”
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