The Real Deal New York

Savanna Fund plans Morris Adjmi-designed Chelsea art gallery

Nine-story building to house gallery, community and office space

March 21, 2014 04:15PM

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540-544 West 26th Street

540-544 West 26th Street

In a rare break from the condominiums sprouting around the High Line in Chelsea, Morris Adjmi is designing a new art gallery at 540-544 West 26th Street.

Located between the High Line and Eleventh Avenue, the 135-foot-tall building, developed by real estate private equity firm Savanna Fund, will spread across roughly 129,125 square feet and house gallery space on the first and second floors. The third and fourth floors will be used as a community facility, and offices will occupy the fifth through ninth levels. A roof deck will top off the structure, according to the plan exam filed today and cited by BuzzBuzzHome.

Morris Adjmi Architects has a page for the project on its website, but there are no renderings as of yet.

The property currently holds a two-story rental building at 540 West 26th Street and a parking lot at neighboring 544 West 26th Street. The pair went inito contract in August 2013, according to public records, and comes with 130,000 square feet of development rights, according to a listing with the Manhattes Group cited by BuzzBuzzHome. [BuzzBuzzHome]Julie Strickland

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