Bortolami Gallery Relocating From Chelsea to Tribeca

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After 11 years in Chelsea, Bortolami Gallery, named after owner Stefania Bortolami, is heading to Tribeca, Commercial Observer has learned. It will join long-standing New York City gallery, Alexander and Bonin, which this year moved to the neighborhood after 18 years in Chelsea, as the Observer previously reported.

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Bortolami Gallery has secured a 15-year lease for 9,000 square feet spanning the entire ground and lower levels at 39 Walker Street between Church Street and Broadway, according to Jonathan Travis of Redwood Property Group, who brokered the deal. The asking rent was $450,000 per year.

According to the company’s website, Bortolami will make the move next May and “the exhibition program will continue at the gallery’s current location at 520 West 20th Street through the end of April 2017.”

Bortolami moved to 520 West 20th Street at the end of 2010 after five years at 510 West 25th Street, Art in America previously reported. It has to leave its current digs because the building is being redeveloped, Travis said.

As for the migration from Chelsea to Tribeca, Travis said: “They really liked the neighborhood, block and space itself and the rent was reasonable. They also liked the fact that Alexander and Bonin, another established West Chelsea gallery, relocated to 47 Walker Street, just a few doors down.”

MRA Realties has owned the five-story, 23,000-square-foot mixed-use building since 1977, property records indicate.