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Part II ~ West Chelsea Dry.

Part II ~ West Chelsea Dry.

There has been a lot of talk about how we protect West Chelsea from the next inevitable inundation. Any flood-mitigation project for West Chelsea will need to be compact enough to be stored for long periods cheaply, strong enough to resist 72,000,000 gallons of water, yet simple enough to fully deploy within 24 hours. With...
Part III ~ West Chelsea Dry : The Fence Defense.

Part III ~ West Chelsea Dry : The Fence Defense.

So, now we know why West Chelsea floods and we’ve figured out how to stop it. Part III covers how we actually accomplish it, given limited city coffers and the more pressing problems for residents in Breezy Point, The Rockaways, Staten Island and other flooded neighborhoods. The most efficient, though least economical, solution is to...
Yancey Richardson Goes Downstairs to 537 W 22nd Street, Continuing A Trend...

Yancey Richardson Goes Downstairs to 537 W 22nd Street, Continuing A Trend…

Yancey Richardson took Frederick Petzel’s previous 3,100 RSF gallery on June 1, 2013 for a reported $24,000 per mont, or $93/SF, which is below market. Their former 3,000 RSF space upstairs at 535 West 22nd Street is available for a 6 month sublease that can be converted to a 5-10 year direct lease for around...
500 West 21st Street ~ 32-luxury condos due by Fall 2014

500 West 21st Street ~ 32-luxury condos due by Fall 2014

Sherwood Equities new low-rise luxury condo building is a classical expression complimentary to the Historic Chelsea District just east of Tenth Avenue. After 3 years of haggling about the failed Jay-Z Hotel project, Sherwood Equities will be offering these 4,000 SF condos for $2500/SF, a price matched only by Jean Nouvel’s building a block west...
West Chelsea North ~ Gateway to Hudson Yards

West Chelsea North ~ Gateway to Hudson Yards

West Chelsea North – West 28th, 29th and 30th Streets – is the fastest-growing new gallery area in the West Chelsea Special District, though “fastest-growing” hardly describes it. Actually “new” doesn’t either, since there have been 15 galleries on West 29th since 1998, more than there have been ground floor galleries on West 25th Street...
What's happening at 551 West 21st Street?

What’s happening at 551 West 21st Street?

UPDATE: Skarstadt Gallery will be moving in in 2014, but this space is still a sublease with a Demolition Clause, allowing for demolition of the building and development of the site. Eyebeam already announced they are moving in 2014, and Guided By Invoices in the triangular building on the corner closed last year, clearing the...
Galleries of California and Australia

Galleries of California and Australia

UPDATE: This post originally began as a look at the general challenges facing galleries in California and Australia. However, since then, it has become apparent that the economic pressures these galleries are facing, and the way in which they have adapted, are much closer to the situation in New York. Take Sydney for example: just...
2014 Update : 508 West 20th Street ~ New 3,750 RSF Space Rises By The High Line

2014 Update : 508 West 20th Street ~ New 3,750 RSF Space Rises By The High Line

Update: Bisazza Tile has leased this space as their showroom. You can read more about that here. This one-story building was supposed to have a cellar but a quick look today shows a solid concrete slab, thanks to Sandy. Originally the cellar was dug, and with the water table on West 20th only 2 to...
285-287 Tenth Avenue ~ Entire Two-Story Building $19,000 per month

285-287 Tenth Avenue ~ Entire Two-Story Building $19,000 per month

This 1,150 RSF deal will give the new Tenant approximately 1,950 RSF total on the ground, 1,100 RSF on the second floor, a 1,100 RSF legal selling basement and an 800 RSF rear terrace, visible from the High Line for $19,000 per month, or $116.92/SF for just the ground floor, with an addition 2,200 RSF...
West Chelsea South ~ Gateway To Meatpacking?

West Chelsea South ~ Gateway To Meatpacking?

Walking around West Chelsea is like gazing at the Milky Way: what you see now is really looking at the past, the future is what’s happening now. This is important to keep in mind if you have a longer-term lease because five years into your lease, West Chelsea will likely look much different than when...