Development Firm Reportedly Buys Brooklyn Bowl Property, Venue’s Future Unclear

first_imgUPDATE: Venue owner Peter Shapiro has commented on the situation, assuring fans not to worry about the Brooklyn Bowl. He says, “Nothing changes for us.  We hope to be 61 Wythe Avenue for a long time.”Though the Brooklyn Bowl on Wythe Avenue helped to launch a concert venue franchise, its days are apparently numbered. According to new reports from The Real Deal, a real estate publication in New York, the development firm Atlas Capital Group is in contract to acquire the Brooklyn Bowl and Brooklyn Brewery property for $37 million.Though the Brooklyn Bowl’s lease is still good until 2021, the report indicates that the developers plan to “reposition” the land, which essentially means they plan to develop a new building on the land before flipping it for a profit. Though the Brooklyn Brewery has plans to move to Brooklyn’s Navy Yard, as of now there is no reported relocation plan for the Brooklyn Bowl. With Brooklyn Bowls opening up in Las Vegas and London, however, it would be a disappointment if there was no true Brooklyn location of the Brooklyn Bowl.From the real estate perspective, the land itself features over 68,000 square feet. Still, the cultural value of the Brooklyn Bowl is unparalleled, and its loss would be a striking blow to the Williamsburg community in Brooklyn.last_img

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