Art Comes to Vacant 1114 First Avenue


1CO3400A0723Vacated by a former home furnishings company, Straight from the Crate, the corner space on 1114 First Avenue at 61st Street and First Avenue has been earmarked for a retail opportunity by brokers.

With 3,400 square feet on the ground floor and 2,000 square feet on the lower level, the space has plenty of potential. Due to a dearth of banks in the neighborhood, the space could be uniquely suited for a retail banking branch. Or it could once again become of a home furnishings store, though the location of the space and nearby competition from Bed, Bath and Beyond complicates that possibility.

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Attempting to draw the attention of the community and potential tenants, brokers for the space have worked with Barbara Paley of Art Assets to create a window art installation by Aakasah. “It was designed to catch the eye of anybody walking or driving in that neighborhood,” she said. “We wanted to create a little bit of a sensation, [so] that people started to say, ‘What is this?’ And then to think, ‘This is a space I could use.’”

Last week, Ms. Paley and Mark Stein of landlord Meringoff Properties spoke to The Commercial Observer about the art installation and the unique features of the space.

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