Newmark announced the signing of two prominent art galleries on the ground level at the brand-new 520 West 20th Street, aka The Warehouse, in West Chelsea.
Los Angeles-based David Kordansky Gallery with open his first New York City outpostat the building while Mexico City-based Kurimanzutto Gallery is expanding its Manhattan operations.
Newmark’s President of Tri-State David Falk, Executive Managing Director Eric Cagner and Managing Director Alex Leopold, represented ownership, Elijah Equities on both transactions.
“We are pleased to bring to market our best-in-class boutique office property and are proud to add both Kordansky and Kurimanzutto to our tenant roster,” said James Haddad, Principal at Elijah Equities.
“The caliber of these topflight gallerists reflects on the quality of our completed building and serves as an affirmation of the strength of the Far West Chelsea neighborhood as a live/work/play destination. Having won the 2021 Architizer A+ award for best adaptive reuse, it is especially satisfying to see forward-thinking tenants respond in kind to Morris Adjmi’s brilliant design,”
David Kordansky Gallery is a Los Angeles-based contemporary art gallery representing more than three dozen artists and estates. It is known as one of the most dynamic venues for contemporary art in Los Angeles. They will be opening their first New York City outpost at The Warehouse, taking 5,100 s/f of space.
Kulapat Yantrasast will design the new gallery, and there will be an inaugural exhibition featuring new work by Lauren Halsey. The David Kordansky Gallery was represented by Jonathan Travis of the Redwood Property Group in the lease transaction.
Kurimanzutto is an acclaimed art gallery located in Mexico City and New York City, specializing in contemporary art representing thirty-three national and international artists. The Mexico City-based gallery will be expanding its New York presence into a 6,700 s/f space at the property. Kurimanzutto was represented by Christopher Owles and Genaro Otero of Sinvin.
“The addition of these renowned galleries to The Warehouse validated our vision for this property which was that progressive-minded tenants in this climate will seek out work environments that inspire their employees and resonate with their clientele,” said Cagner.
“The Warehouse’s incredible location adjacent to the Highline coupled with its dynamic elements such as the high ceilings and abundance of outdoor space make this a unique option for tenants seeking a customized boutique office experience.”
The Warehousetakes its name from the property’s historical use as a warehousing and distribution facility for the Carolina Manufacturing Company. Ownership engaged Morris Adjmi & Associates to take the four-story property and reimagine it for 2021.
The result was a beautifully designed building that maintains the classic New York-style base with exposed brick and 15 ft. high ceilings, adding a new three-story glass jewel box on top. The reimagined property features 85,000 s/f of office space and 17,000 s/f of outdoor space with sweeping views.
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