Whole Foods could replace W’burg art center

New York /
Aug.August 30, 2011 11:36 AM

alternate
text
210 Kent Avenue (source: PropertyShark)

Monster Island arts center in Williamsburg is closing due to rising property prices, the Art Newspaper reported, and rumor has it a Whole Foods is taking its place. The warehouse, at 210 Kent Avenue between North 3rd Street and Metropolitan Avenue, was home to the groups of artists, musicians and retailers that operated under Secret Project Robot, a not-for-profit cultural institution founded in 2004. But the rundown warehouse is scheduled for demolition, as recent market reports show property prices in the area have increased 10 percent in the last year alone. “Monster Island has become one of the last standing institutions of what Williamsburg once was, a hub of creativity and excitement. The closing of it is very sad,” Vashti Windish, the director of artist-run gallery Live with Animals that rented space in the center, told the newspaper. The warehouse was purchased in 2007 for $4.11 million, according to public records, by an LLC called Ctwf Acquisition that shares an address with discreet developers the Chetrit Group. [Art Newspaper]


Related Articles

arrow_forward_ios
(Moinian Group, CVS)
CVS signs lease for 512 7th Avenue store
CVS signs lease for 512 7th Avenue store
Joseph Chetrit with 427 and 459 (left) Broadway (Getty, Beyond My Ken/Wikimedia)
Chetrit Group falls behind on Soho portfolio mortgage
Chetrit Group falls behind on Soho portfolio mortgage
Joseph Chetrit, Jordan Slone (Getty, NADLAN)
Harbor buys nearly 5,500-unit portfolio from Chetrit for $390M
Harbor buys nearly 5,500-unit portfolio from Chetrit for $390M
315 West 35th Street with Isaac Chetrit and DJ Dashti (Google Maps, Linkedin, iStock)
Chetrit to open flex-office location near Penn Station
Chetrit to open flex-office location near Penn Station
261 Madison Avenue and 205 East 42nd Street are among the closed locations. (Sapir, Durst, WeWork)
WeWork dumps several Manhattan locations
WeWork dumps several Manhattan locations
From left:  Joseph Chetrit, 404 Fifth Avenue and WeWork CEO Sandeep Mathrani (Photos via Wikipedia Commons; Google Maps)
WeWork battles Chetrit Group over Midtown lease
WeWork battles Chetrit Group over Midtown lease
Joseph Chetrit and 49 Chambers (Getty, 49 Chambers)
Chetrit lands $90M inventory loans for Tribeca condo conversion
Chetrit lands $90M inventory loans for Tribeca condo conversion
Sharif El-Gamal, Joseph Chetrit and 1384 Broadway (Getty; Google Maps)
Chetrit Group sues Sharif El-Gamal for unpaid rent
Chetrit Group sues Sharif El-Gamal for unpaid rent
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...