Art goes big in Chelsea,NYC

Just as the Whitney inaugurated their new Chelsea home, several other art galleries are enlarging their spaces. Pace Gallery will move into a much larger space and Hauser & Wirth is also planning new building on West 22nd street. Rents have nearly tripled in the last 5 years according to the WSJ article.  Some smaller galleries have been priced out of the West Chelsea area and forced to relocate.

With the Highline and the many new luxury condos and rentals in and around it, the west Chelsea area has seen a spike in prices. Annabelle Selldorf, whose handiwork is on view in the luxury condo 200 11th ave, aka the SkyGarage, as well 10 Bond street in Noho, is designing the building for Hauser and Wirth.

Read the full WSJ article