Development projects in Manhattan and Brooklyn have long favored mid to high rise residential buildings that sell units in the mid to high price range. The reasons are understandable. Estimated dollar value per square foot of such condominiums easily exceed cost of development, reducing risk.
Only a few other building programs can pencil out, ie, be profitable. Storage of art is one of those. The proliferation of high-value private art collections, and the need for their storage make art storage a competitive program in today's market.
In our proposal for such a building in Chelsea, we offer an additional benefit. By providing gallery spaces for private art to be displayed publicly, we open vast opportunities to engage the public, the neighborhood and enhance cultural activity in the area. Further by annexing such viewing spaces with a recognized museum, we can offer benefits to collectors, the museum and the public.
We are happy that the AIA Peconic recognized our research and design of such a project with a design award. Thank you to our team, the AIA and members of the jury.