ARTINFO broke the information that the Whitney was mulling a plan to lease space in its Upper East Side home to the Metropolitan Museum of Art as one component in its important initiative to relocate business district to a new Renzo Piano-designed building in Manhattan’s Meatpacking District.
At the present the Whitney has enthused one step closer to realize that move, announcing the sale of six brownstones and two townhouses near its Marcel Breuer building — property it had previously considered expanding into — for an undisclosed sum.
Herald the declaration of the sales, Whitney director Adam Weinberg told the New York Times that his museum has now raise $475 million of the $680 million that will be needed to make the development mission at the foot of the High Line happen. Officials at the Whitney had until that time said they hoped to raise at least $100 million from real estate, which the museum had acquire greater than the past few decades as it pursue a series of planned expansion, each of which was derail by either design or financial concerns.
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