Real Estate
Developer Shells Out $60M For B Bar On Bowery, Records Show
Property records show a developer has shelled out nearly $60 million for the property where B Bar & Grill is located.
NOHO, NY — A one-story building on the Bowery — home to B Bar & Grill — just spurred a developer to shell out nearly $60 million for a stake in the property, records show.
CB Developers paid $59.5 million for a stake in the property at 358 Bowery last month, according to property records and a report from real estate website PincusCo, which first reported the sale.
CB Developers, owned by Charles Blaichman, bought the stake from Eric Goode, a hotelier and turtle conservationist who bought the building at East Fourth Street and the Bowery from Cooper Union in 2004, records show.
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Goode has also purchased more than 8,000 square feet of development rights, often known as air rights, from nearby buildings, according PincusCo.
Blaichman's CB Developers has led projects in the Meatpacking District, Greenwich Village, and NoHo at another nearby property, 363 Lafayette St., according to its website.
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CB Developers and a representative for Goode did not immediately respond for comment.
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