Dia sells Chelsea space for $38.55 million
UPDATE, Dec. 10: Dia director Jeffrey Weiss on the sale, more.
Breaking while I'm in Miami: According to NYC real estate transaction records, the Dia Art Foundation has sold its Chelsea exhibition space for $38.55 million. At this point the buyer is only known as "548 West 22 Street Realty LLC." The sale closed on November 29. Despite repeated requests Thursday, a Dia spokesperson refused comment (and initially referred MAN to an administrator who is on vacation until Monday).
We may be witnessing an interesting moment in the NYC cultural/real estate/commercial galleries world: Dia started Chelsea. Dia leaves Chelsea. The NuMu opens in the Bowery... and commercial galleries are following.
UPDATE, Friday AM: Dia wouldn't talk yesterday so we don't know the answer to this question (and lots of others): What will happen to the Jorge Pardo installation? Other unanswered questions: Will all of the money go toward Dia's (presumably) next NYC space? Who is the buyer? Is this deal about finding a new space for Dia or do they need operating funds? Or will the money go toward a Dia project, such as Roden Crater?
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