Two prominent art galleries have signed leases for the ground level at the brand-new 520 West 20th St., also known as “The Warehouse” in West Chelsea. The leases include Los Angeles, California-based David Kordansky Gallery’s first New York City outpost and Mexico City, Mexico-based Kurimanzutto Gallery. Newmark’s President of Tri-State David Falk, Executive Managing Director Eric Cagner and Managing Director Alex Leopold represented owner 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. The caliber of these top-flight 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,” said James Haddad, principal at Elijah Equities.
David Kordansky Gallery is a Los Angeles-based contemporary art gallery representing more than three dozen artists and estates. It will take 5,100 square feet 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 33 national and international artists. The Mexico City-based gallery will expand its New York presence into a 6,700-square-foot 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.”
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’ high ceilings, adding a new three-story glass jewel box on top. The reimagined property features 85,000 square feet of office space and 17,000 square feet of outdoor space with sweeping views.
