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
427 Broadway and Robert Frey (HGetty, THCNYC)
Former Vegas club owner bringing cannabis museum to SoHo
Former Vegas club owner bringing cannabis museum to SoHo
The Chetrit Group's Joseph Chetrit and Park West Village on the Upper West Side (Getty Images, Google Maps)
Chetrit, Stellar land $365M refi for UWS luxury apartment complex
Chetrit, Stellar land $365M refi for UWS luxury apartment complex
Joe Chetrit and the Hotel Carter Times Square at 250 West 43rd Street (Getty, Google Maps)
Chetrit gets $185M loan to renovate NYC’s formerly filthiest hotel
Chetrit gets $185M loan to renovate NYC’s formerly filthiest hotel
Isaac Chetrit with 989-993 Sixth Avenue
Isaac Chetrit nears $350M loan for Midtown project
Isaac Chetrit nears $350M loan for Midtown project
From left: Vorea Group’s Peter Papamichael, Turnbridge Equities’ Andrew Joblon and Chetrit Group’s Joseph Chetrit
Ranking New York’s most active developers
Ranking New York’s most active developers
A photo illustration of Yorkshire Towers, Lexington Towers, the Fifty Hotel & Suites and 475 Fifth Avenue (Google Maps, LoopNet, iStock)
Manhattan’s biggest loans in May led by rentals
Manhattan’s biggest loans in May led by rentals
Joseph Chetrit: The man from Morocco
Joseph Chetrit: The man from Morocco
Joseph Chetrit: The man from Morocco
Joseph Chetrit and Larry Gluck with the Yorkshire & Lexington Towers on the Upper East Side (UESMGMT.com, Getty, Gluck Family Foundation)
Chetrit, Stellar land $714M refi for UES luxury buildings
Chetrit, Stellar land $714M refi for UES luxury buildings
arrow_forward_ios

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

Loading...