Tuesday, August 25, 2009

Christie's Coming to Red Hook

[Building photo from Curbed via PropertyShark.]

We actually read about this news a while back, but didn't get a chance to post it at the time . Since Curbed is just posting it now, we might as well too. Here's what they had to say:

On second thought, perhaps last week's report of some stirring at Red Hook gray elephant 160 Imlay Street was, in fact, the old warehouse's look-alike sister building, 162 Imlay. That would make sense, considering today's blockbuster announcement: Christie's, the chichi auction house, has signed a 30-year lease on the former New York Dock Company building and will turn it into a high-end art storage facility for its clients' collections. Opening in January, the six-story building will be outfitted with infrared video cameras, biometric readers, motion-activated monitors and every sort of climate-control device imaginable. Where once the hookers and sailors roamed, Picasso, Monet and van Gogh will make their home. The Times notes that each client's collection will probably be worth more than the entire building itself, so why Red Hook? And is there anything going on at 160 Imlay?

Rest of the story available here

Other links:

· A High-Tech Home for Multimillion-Dollar Works of Art [NYT]

· 160 Imlay coverage [Curbed]

Christie's Makes Winning Bid for Red Hook [Brownstoner]

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