The Real Deal New York

Savanna reveals rendering of Chelsea art gallery project

128,000-square-foot commercial building at 540 West 26th Street to rise nine stories

August 12, 2014 01:00PM

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540-West-26th-Street-Rendering

Rendering of 540 West 26th Street

Real estate private equity firm Savanna has unveiled renderings for its nine-story Chelsea commercial building with a two-story art gallery.

Architect Morris Adjmi has devised a design of the building with a metallic façade and big casement windows, New York YIMBY reported. The 128,000-square-foot building at 540 West 26th Street between 10th and 11th avenues is set to hold 99,000 square feet of commercial space. The art gallery will span nearly 29,000 square feet.

Savanna filed building plans in March and received approval for demolition of a two-story building on the site in July, as previously reported. [NY YIMBY]Mark Maurer

  • marknroses

    its nice to see something other than residential condos getting built in NYC. City should be trying to incentivize more of these types of developments, maybe a zoning bump or tax abatement for creating convenient workplace facilities supportive of employment.

    • Graveshift

      Its called M1-5. They would have loved to build condos..

    • Crian Bashman

      The office vacancy rate is somewhere around 10%. The residential vacancy rate around 2%. We need more housing.

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