Delancey Street Associates has leased a 5,850-square-foot office space at 250 Bowery to the New Museum for the museum’s administrative offices during its temporary closure. The New Museum is Manhattan’s only museum dedicated exclusively to contemporary art. This move comes as the museum continues construction of its building expansion, expected to open in early 2025.  

The new space at 250 Bowery will serve as a temporary base for the New Museum. The expansion, designed by OMA / Shohei Shigematsu and Rem Koolhaas, will complement the museum’s SANAA-designed flagship. Delancey Street Associates took ownership of the retail condominium at 250 Bowery from the International Center of Photography as part of the latter’s move to 242 Broome at Essex Crossing.

Essex Crossing, developed by Delancey Street Associates, offers a blend of residential, commercial, and community spaces in the Lower East Side. Delancey Street Associates is a joint venture of several development partners.