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.
