June 9, 2017 — In a pro bono matter, Hughes Hubbard helped New York's Artists Space find a new home in lower Manhattan nearly a year after the revered nonprofit gallery left its longtime location in SoHo due to development concerns.
On May 24, Artists Space announced that it had signed a new 25-year lease negotiated by HHR for 80 White Street, TriBeCa, a two-story, 8,000 sq. ft. exhibition space. The new space, currently under renovation, will open to the public in 2018.
Artists Space occupied a loft at 28 Greene Street from 1993 until 2016, when its landlord planned to build a penthouse atop the building. The new location will be the sixth downtown Manhattan home Artists Space has had in its 45-year history.
"The successful conclusion of our search for a new exhibition venue is great news for Artists Space itself and for the arts community as a whole, which has been justifiably concerned that economic pressures are making downtown New York untenable for artists and arts organizations alike," Jay Sanders, the new executive director and chief curator of Artists Space, said in a statement. "Having drawn much of our strength from that community, and having contributed our share to its creative vitality and intellectual vigor, we are proud to be planting our flag in Tribeca, where we look forward eagerly to expanding the full range of our activities."
Founded in 1972 in SoHo to help emerging artists, Artists Space has been home to several landmark exhibitions. Among the major artists shown early in their careers were Cindy Sherman, Jeff Koons and Barbara Kruger. Since last June, Artists Space has staged exhibitions at its nearby Books & Talks location at 55 Walker Street in TriBeCa.
The lease signing drew coverage in The New York Times.
Meaghan Gragg brought the matter to the firm. Tom Furst negotiated the lease and Carol Remy negotiated environmental aspects of the lease.