In this economy, it appears that someone does has a spare $225K lying around. WWeek reports that the shadowy-sounding "Therapy Group LLC" has purchased the space (very briefly) known as Element Restaurant and Lounge — the swanky downtown shitshow that shuttered within a month of its debut (and spawned an equally flashy "for sale" ad that highlighted the sweet-ass sound system). We're kinda hoping they're the same folks behind our favorite NYC gay bar Therapy, but doubt it. Ah well.
by Erin DeJesus