Museum or Gallery Eyed for 12,000-Square-Foot Tribeca Space
Billy Gray June 4, 2013, 7:30 a.m.
The commercial brokerage Tarter Stats O’Toole is seeking a museum or gallery for 12,000 square feet of space hitting the market at 174 Hudson Street in Tribeca, The Commercial Observer has learned.
Gregory Gang and Nora Stats have been tapped as exclusive leasing assignment at the building. The space is comprised of an 8,000-square-foot ground floor unit connected by an “architecturally important” staircase to a renovated 4,000-square-foot basement. Asking rent is a blended $85 a square foot between the two floors.
“The building is truly spectacular,” Mr. Gang said, noting that renovations had been phased in over time. The ground floor space features 150 feet of wraparound floor-to-ceiling windows. Mr. Gang said that 174 Hudson Street is for all intents and purposes vacant, although one or two tenants with relationships to the landlord, Hudson Alley, are currently using it.
Mr. Gang and Ms. Stats are seeking a single tenant for the space and have spoken to an eclectic range of interested users including showrooms and companies in search of upscale office space. “I see it as a luxury destination location,” Mr. Gang said. “It won’t be a true retailer. We’re thinking of a museum or gallery or hedge fund firm as opposed to a handbag store. There just isn’t enough traffic there for that. It’s a very quiet part of Tribeca.”