Friday, August 21, 2009

Bortolami Building For Sale: $6.1 Million

Chelsea's Bortolami Gallery

Chelsea's Bortolami Gallery

Prudential Douglas Elliman Real Estate has a listing for 510 West 25th Street, the address of Chelsea’s elegant Bortolami Gallery, priced $6.1 million.

The property is owned by Mega Communications, according to real estate filings. Collector Adam Lindemann was Vice Chairman of Mega Communications of New York, LLC, a Spanish radio group, as of 2008. He purchased the property in 2005 for $3.725 million, according to Property Shark.

UPDATE: The building is co-owned by Lindemann and Stefania Bortolami. Bortolami will move her gallery to a new location in Chelsea once the 25th Street building has sold.

From the listing: “Currently a renowned Chelsea Gallery, the bright, minimalist, and double-height volume of this space make it perfect for any number of uses, including retail, restaurant, and of course a superb space for art.”

The gallery opened in 2005 as Bortolami Dayan, founded by ex-Gagosian directors Stefania Bortolami and Amalia Dayan.

The inaugural show, titled “Closing Down,” included works by Piotr Ulanksi, Tim Noble and Sue Webster and Damien Hirst.

The partnership lasted until 2007, when Dayan split off from Bortolami. Dayan had married collector Adam Lindemann in 2006.

The former taxi garage was renovated by architect Bill Katz and includes a large showroom, office, catering kitchen and large skylights.



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Posted by Lindsay Pollock
1 Comment »

One Response to “Bortolami Building For Sale: $6.1 Million”

  1. Alla Green says:

    Can you send me Bill Katz’s e-mail or phone number as I’d like to contact him regarding a project. Thanks.

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