Earl Bateman's
New York real estate
news for galleries
Posts tagged "West Chelsea"
High Line Nine ~ Nine New Affordable Ground-Floor Spaces Coming To West Chelsea.

High Line Nine ~ Nine New Affordable Ground-Floor Spaces Coming To West Chelsea.

Nine new gallery spaces coming to West Chelsea are now pre-leasing. These built ground-floor spaces, 2,500 RSF and under, with high-ceilings, storage and offices, and in a prime area with monthly rents that will encourage small- to mid-sized galleries to come back to West Chelsea. Please contact me or call +1-917-576-2384 for more information on...
Will The Lower East Side Surpass West Chelsea as NY's Largest District in 2016?

Will The Lower East Side Surpass West Chelsea as NY’s Largest District in 2016?

I’m frequently asked that question, and the short answer is… not likely, for a bunch of reasons. While the LES is the fastest growing gallery district in Manhattan, it is not the fastest growing gallery district in greater New York City. That title goes to Brooklyn, which became the largest district last year, you can...
Resilient Art Spaces ~ Protecting Your Gallery From Flooding

Resilient Art Spaces ~ Protecting Your Gallery From Flooding

The Department of City Planning has published an excellent guide of recommendations and actions that art galleries can take to limit, if not prevent altogether, damage from flooding in West Chelsea and elsewhere. You can download it here and I strongly urge it’s liberal distribution. There are no easy answers to the problem of storm-surge...

Anton Kern Gallery for sale for $27,000,000

Alf Naman has put this 5,000 SF lot with 27,500 SF of buildable space on the block for the highest land-deal price yet : $27.000M. Anton just renewed his lease last year, but, as with most leases in West Chelsea, it has a Demo Clause, something to be aware is a very negotiable term when...
2016 Update : 303 Gallery To Go Back To West 21st Street

2016 Update : 303 Gallery To Go Back To West 21st Street

UPDATE to this story January 2, 2016: Lisa Spellman is indeed moving back to West 21st this year as I reported two years ago, and this series of moves on her part was a very smart play. Kudos. It also means that her previous 7,200 SF gallery – with 3,900 SF on the ground floor...
508 West 24th Street 4,816 SF Gallery Space - $150/SF

508 West 24th Street 4,816 SF Gallery Space – $150/SF

Update January 2014 – this commercial condo brought in $1,900/SF at $9,500,000. The asking rent for lease is $150/SF.       Offering price: $10,000,000 ($2,000/SF) Estimated Common Charges (11.0184%) – $2,788.94 pm Estimated Monthly RE Taxes Year 1 – $2,301.75 pm Estimated Monthly RE Taxes at Full Assessment – $4,734.67 pm Estimated Total Annual...
Part I ~ Why West Chelsea Floods.

Part I ~ Why West Chelsea Floods.

West Chelsea will flood every time the Hudson River takes in more water than it can hold, especially seawater, which the Hudson mostly is anyway. We conjecture that surge-flooding as a consequence of storms will happen more often in the future, though how often no one can say. FEMA called Sandy a “Hundred Year Flood”....
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...
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...