225 Bowery, previously thought to be a straight residential conversion, is actually going in a different direction, according to a report by Bowery Boogie. Silent partner Ace Hotels is turning the building into an overpriced faux-hostel to appeal to all the hip, artsy types that will be visiting the Lower East Side (for the next eighteen months until the entire thing is turned into a giant 7-Eleven). [Bowery Boogie; previously]
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