Lease Beat

Gagosian Gallery Takes UES Space [Updated]

821 Park Avenue. (Credit: PropertyShark)

Gagosian Gallery, the collection of art galleries owned by Larry Gagosian, will open a new location in a 1,000-square-foot retail space at 821 Park Avenue next week. Commercial Observer has learned the gallery signed a two-and-a-half-year lease with asking rent of $25,000 per month.

The tenant, headquartered at nearby 980 Madison Avenue, will open the new gallery on April 3 with an exhibition of work by Swiss artist Urs Fischer. Read More

Food & Drink

Pearl Street Restaurant Collection to be Fully Operational This Month After Sandy Delays


A team from Winick Realty Group has built on the restaurant boom it started on Maiden Lane and brought three new fast food tenants right around the corner to Pearl Street.

Yushi Asian Kitchen, Roti Mediterranean Grill and the quick service vegetarian vendor Terri have landed in a 4,800-square-foot block at the back of 100 Maiden Lane vacated by HSBC. Winick Executive Vice President Darrell Rubens and Director Lee Block divided and leased the space. Read More

Lease Beat

Garis & Hahn Set to Open Gallery on Bowery

Courtesy of EV Grieve

Garis & Hahn have inked its first art gallery location on the Lower East Side.

The gallery that “mounts exhibitions focused on conceptual narratives and relevant conversations in contemporary art” will take a 2,422-square-foot space at 263 Bowery, between Stanton Street and East Houston Street. The gallery will consist of approximately 1,800 square feet on the ground floor and a 600 square foot lower level. Read More

Lease Beat

Revolve Fitness Comes to Union Square

Revolve Fitness, Union Square

Revolve Fitness has opened its first New York City fitness facility at 52 East 13th Street in Union Square after inking a 10-year lease for the 2,500-square-foot space earlier this year.

The fitness concept, which “revolves” around classes that last up to one hour and geared towards both the beginner and cycling enthusiast, has one other location in Washington D.C., and the second location marks its first foray into New York City. Read More