The End Of An Era: Libation To Close
Sad news from Curbed:
The building for sale is the four floors (plus basement) at 137 Ludlow, "currently being operated as a Restaurant & Lounge, a three-level bar and nightclub." A simple Google search reveals the harsh truth: Libation is for sale, and it's going to be delivered vacant. The cost? $5.5 million (about $753/sf), but how can you put a price on the impact Libation had on the Lower East Side? Heralded by a press release for the ages, Libation was the first superclub to bring an uptown, velvety rope vibe to the (at the time) hipster-dominated LES, and it was right smack in the middle of Hell Square.
Excuse us while we shed a tear or two. Not that we've ever gone to Libation, mind you. But anything that got the hipsters so upset had to have some intrinsic value to it. Hopefully, some C-list actress' talentless sibling will snap up this space and turn it into an "Inn."
