Contemporary Art Gallery Finds Home in Tribeca
Newmark Retail secured a 9,422-square-foot lease for Almine Rech, a contemporary art gallery owned by notable French art dealer Almine Rech Ruiz-Picasso, a descendant of Pablo Picasso. The new outpost will open at the corner of Broadway and Franklin Street in Tribeca at 361 Broadway, also known as 67 Franklin.
Newmark director Ravi Idnani and managing director Andrew Stern represented the landlord, while Redwood Group’s Jonathan Travis represented Almine Rech on the transaction.
“Over the past few years, Tribeca has swiftly become synonymous with some of the finest names in art stemming from the influx of top-tier galleries that have sought out and opened storefronts in the area,” said Idnani. “Between the opportunity to penetrate one of the hottest art markets in New York and inherent legitimacy granted by association with an asset of 67 Franklin’s caliber, we are confident that the new Almine Rech location will flourish.”
- ◦Lease