As seen in the New York Post:
The compact but prominent Chelsea Art Museum building has been leased by tech giant Hewlett-Packard.
The three-story loft structure at 556 W. 22nd St. sits on the northeast corner of Eleventh Avenue. It was purchased in a bankruptcy deal made by a venture of the Albanese Development Corp. and Richard Born’s BD Equities that allowed the museum to remain until the end of this year.
The 34,500-square-foot property had been pitched as a “unique branding opportunity” that included high ceilings, skylights, a “magnificent floating stairwell” and spectacular roof deck off the Hudson River “for users who desire a unique and singular environment.”
The 10-year lease that starts Jan. 1 includes a five-year option.
Pat Murphy and Jenny Ogden of CBRE represented HP. A Murray Hill Properties leasing team led by Jesse Rubens represented the Albanese/Born venture. The brokers and owners declined comment.
Sources said HP has “special” plans for the building, but everyone zipped their lips and deferred to the tech giant which, in an e-mail stated, “HP does not comment on our real estate beyond what is publicly available information.”
Meanwhile, the ownership venture is stripping off 20,500 square feet of air rights and selling it to Scott Resnick’s SR Capital for a development project at the adjacent northeast corner of the block at 551 W. 21st St., which is on a larger lot with river views. Resnick declined comment.