Wynwood-based art gallery launches corporate lease program

Program charges between 8% and 20% of the art's value

Jul.July 27, 2015 01:30 PM

A Miami art gallery has launched a corporate art lease service for property owners and developers, The Real Deal has learned.

Diana Lowenstein Gallery, at 2043 North Miami Avenue in Wynwood, is launching the service. The gallery has worked with the Ritz-Carlton South Beach, the Epic Hotel in downtown Miami and most recently with the new Virgin Hotels Chicago, according to a release.

The program, which charges between 8 percent and 20 percent of the artwork’s value, includes installation, framing and delivery. It runs for a minimum of three years.

“Art and public spaces, especially hotels, go hand in hand,” Lowenstein said in a press release. “Designers and developers can now incorporate fine art into property décor with minimum investment and effort, and enjoy the added benefit of drawing interest from art-enthusiasts.”

Lowenstein provided art to the Ritz-Carlton South Beach in 2005 and in 2011. — Katherine Kallergis

Related Articles

Stuart Miller, Wynwood Green

Lennar scores $45M construction loan for Wynwood apartment project

Wynwood 25

Wynwood BID proposes to allow outdoor music until 3 a.m.

Rendering of East End Capital

East End Capital launches co-living platform with first project in Wynwood

Rendering of Wynwood 28 and Laurent Morali 

Kushner lands $18M loan for Wynwood projects

From left: Illustrations of Moishe Mana, David Polinsky, Jessica Goldman-Srebnick, and Joseph Furst (Credit: Romain Maurice / Stringer and Patrick McMullan / Getty Images)

Developers speak out against Moishe Mana as he compares Wynwood campaign to the Arab Spring

Rendering of the Oasis and Spotify founder and CEO Daniel Ek with David Weitz and Erik Rutter

Spotify inks lease for South Florida headquarters in Miami’s Wynwood

From left: Moishe Mana and Manny Gonzalez

Moishe Mana attacks Wynwood BID over city crackdown at his property

Ralph Winter’s W5 Group and the Related Group are co-developing w28 in Wynwood

Co-living and senior housing can produce higher returns: ULI panelists