The other day, the Daily News noted that real estate investors are elbowing their way onto the Bowery, seeking to develop every square foot of the once downtrodden thoroughfare. Here’s another case in point. The Commercial Observer noticed work permits for one of three buildings that make up the Sunshine Hotel:
Hotel owner Roseann Carone of Harlen Sales hired MG New York Architects to convert the second and third floors at 241 Bowery in the three-story building into commercial lofts. Together the floors comprise 8,938 square feet. Michael Gadaleta, the founder of MG New York Architects, said the Sunshine Hotel residents, which have been reduced to 30 or 40, occupy the complex’s neighboring building, 239 Bowery. “The Sunshine Hotel has been shrinking over the years,” Mr. Gadaleta said. “They don’t occupy the space that we are going to convert into offices.”
In 2008, property owner Roseann Carone wanted to demolish the SRO for a condo project, but the city blocked that plan. She did manage to carve out ground floor space for two ground floor restaurants: Cata and Chez Jef.
