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Preservation Watch

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Five old buildings on Bowery between Grand and Broome were snapped up for $45 million yesterday, and the suspected buyer allegedly wants to turn the 75,000-square-foot parcel into condos or rentals for "luxury living." So these properties are really old; two addresses date back to 1798. And while they're not landmarked and, to be frank, look pretty run-down, special district regulations call for whatever replaces them to cap its height at 85 feet and have masonry, not glass, as the primary facade material. Any comfort, preservationists? [Bowery Boogie]