Gallery Signs Deal for Gansevoort Space Neighboring the Whitney [Updated]
By Terence Cullen December 7, 2015 10:00 am
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A Soho-based art gallery is relocating to the Meatpacking District where it will be across the street from the Whitney Museum of American Art, Commercial Observer has learned.
Allouche Gallery will move to TF Cornerstone’s 86 Gansevoort Street between Washington Street and 10th Avenue, according to Thor Retail Advisors. The gallery signed a 15-year lease for 5,200 square feet on the ground floor of the 10-story building.
Thor Retail Advisors declined to provide the asking rent. The gallery will be opposite the Whitney, which opened its new home at 99 Gansevoort Street in May.
“The gallery owners were attracted to [86] Gansevoort Street’s proximity to the Whitney Museum of American Art, as well as the High Line and such neighborhood standouts as The Standard, Catch and Santina,” said Dan Harroch of Thor Retail Advisors, who represented Allouche Gallery, in prepared remarks.
The new deal will also be an upgrade for the gallery, which is currently at 115 Spring Street. Allouche Gallery leases 3,100 square feet between Mercer and Greene Streets.
“The relocation of the Whitney Museum to the Meatpacking District was a significant turning point for the market’s retail landscape,” said RKF‘s Karen Bellantoni, who represented TF Cornerstone in the deal with colleague Tess Jacoby. “[86] Gansevoort is a really unique location with some of the highest visibility in the district today due to the overwhelming success of the Whitney. We were seeking a special tenant that would continue to evolve the Gansevoort Street corridor and add to the live, work, play environment of the district. We’re certain that Allouche will be a great addition to the market.”
Update: This story was edited to give the accurate address of where Allouche Gallery will be.
