Lucid Motors inks Meatpacking District lease

Luxury electric automaker will take 3K sf on Ninth Avenue

New York /
Feb.February 22, 2021 08:00 AM
2 Ninth Ave (Google Maps, Lucid Motors)

2 Ninth Ave (Google Maps, Lucid Motors)

 

Another luxury automotive company is coming to the Meatpacking District.

Lucid Motors, which is currently developing an electric vehicle, will lease 3,200 square feet at 2 Ninth Avenue for a showroom, The Real Deal has learned. Last year, the company announced that it would open a location in the Meatpacking District, though it did not disclose the address at the time.

A spokesman for Lucid confirmed that the showroom will open in April, just in time to launch the upstart brand’s $169,000 Lucid Air.

The building at the corner of 9th Avenue and Little West 12th Street was previously home to the restaurant Bagatelle, which closed due to the pandemic.

Sources told TRD that Randy Willis of Open Realty along with Jeremy Ezra of Newmark represented the fledgling car company, while Aurora Capital Associates represented the building owner, William Gottlieb Real Estate. The brokers could not be reached for comment.

Lucid was founded in 2007 by Bernard Tse, a former Tesla executive, along with Sam Weng, and is backed by investors from China and Silicon Valley. In February, Reuters reported it will go public via dealmaker Michael Klein’s blank-check company, Churchill Capital IV Corp.

The neighborhood has seen an influx of luxury automakers in recent years. In 2016, Tesla inked a lease for 7,300 square feet at 860 Washington Street. One year later, Hyundai’s luxury brand, Genesis, leased 40,000 square feet at Aurora and William Gottlieb’s Solar Carve at 40 10th Avenue.


Related Articles

arrow_forward_ios
State Sen. Brad Hoylman and State Assemblymember Harvey Epstein (Getty)
Lawmakers propose canceling restaurant rent, providing relief for landlords
Lawmakers propose canceling restaurant rent, providing relief for landlords
Columbia University
Columbia University inks deals with 2 restaurants
Columbia University inks deals with 2 restaurants
Steve Witkoff and Ian Schrager in front of the iconic PUBLIC hotel escalators. (PUBLIC, Getty)
EB-5 fund alleges Schrager, Witkoff siphoned money from Public Hotel
EB-5 fund alleges Schrager, Witkoff siphoned money from Public Hotel
Best Buy has closed about 20 of its big-box stores in each of the past two years (iStock)
Best Buy lays off 5,000 staffers, increases store closures
Best Buy lays off 5,000 staffers, increases store closures
Ryan Serhant and Gary Barnett on Development Slowdown in Pandemic
Coffee Talk: Extell’s Gary Barnett and Ryan Serhant
Coffee Talk: Extell’s Gary Barnett and Ryan Serhant
Cushman & Wakefield CEO Brett White
Cushman reports 10% drop in revenue in 2020
Cushman reports 10% drop in revenue in 2020
Central Queens Academy's Ashish Kapadia and United's Chris Jiashu Xu with a rendering of 88-08 Justice Avenue (Linkedin, iStock)
Charter school takes 85K sf in Queens condo building
Charter school takes 85K sf in Queens condo building
(IStock illustration by Kevin Rebong)
Smaller cities look to cash in on shift to remote work
Smaller cities look to cash in on shift to remote work
arrow_forward_ios

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

Loading...