Displaying items by tag: lower east side

When demolition begins on 540-544 West 26th Street in New York, three prominent contemporary art galleries -- Tony Shafrazi Gallery, Lehmann Maupin, and Stephen Haller Gallery -- will say goodbye to their current spaces. Located in Manhattan’s booming Chelsea neighborhood, the two-story property, which includes a neighboring parking lot, will be transformed into a 130,000-square-foot commercial and office space with community facilities. The site will be co-developed by commercial real estate broker, The Manhattes Group LLC, and Savanna, a real estate private equity firm and asset management company.

Stephen Haller Gallery, which has been in Chelsea for over a decade, plans to open a new location in the neighborhood. Lehmann Maupin and Tony Shafrazi Gallery have yet to announce their plans for the future. Lehmann Maupin has a second gallery on Chrystie Street in Manhattan’s Lower East Side.

The Manhattes Group and Savanna have not released a start date for the project.

While no formal announcement has been made, the Pittsburgh-based Andy Warhol Museum released a statement in an email revealing that the “The Warhol” was a possibility. Museum officials said, “Along with the other collaborators of this potential gallery space/annex in the Essex Crossing development, we are excited about the possibilities and opportunities it could bring for us and to Manhattan’s Lower East Side.” The collaborative gallery would feature Warhol’s work and would be part of the Seward Park Urban Renewal Area, a large development aimed at transforming downtown Manhattan.

The pop artist, who was born in Pittsburgh, moved to New York City in 1949 at the age of 21. His studio, which was known as “The Factory” became a hub for New York’s underground artists, writers and musicians.

After Hurricane Sandy battered the east coast, art institutions from the Lower East Side to upstate New York felt the effects. Art galleries including R 20^th Century in SoHo, Rachel Uffner Gallery on the Lower East Side, the New Museum on the Bowery, Postmasters Gallery in Chelsea, and Storm King Art Center upstate in Mountainville were without electricity as of yesterday. Eyebeam and Zach Feuer in Chelsea suffered serious flooding. Water levels reached above five feet inside Feuer’s gallery, destroying the entire exhibition on view. Most of the gallery’s permanent inventory is kept on storage racks higher than five feet so Feuer has hope that those works will be salvageable.

Once dealers have fully assessed and dealt with the damages to their galleries and inventories, they will be faced with increased insurance premiums. While many galleries have liability and short-term travel insurance, they do not usually insure art.

In addition, some of the city’s most anticipated galas were cancelled due to the hurricane. The Studio Museum, The Whitney Museum of American Art, the Brooklyn Public Library, the Lincoln Center for the Performing Arts, and the New York Public Radio all put their galas on hold because of Sandy. Hopefully the hit to New York’s gala season won’t affect the fundraising efforts tied to such events.