The Galleries That Transformed Chelsea Can’t Pay the Rent
A construction boom along Manhattan's popular High Line park has increased rents in West Chelsea, making it difficult for galleries to retain foothold
Ten years ago, a group of seven young art dealers opened galleries in former loading docks on a deserted cobblestone street, helping transform Manhattan’s Chelsea neighborhood into an art destination.
Now, only two of the galleries remain after the rest relocated or closed because of high rents. With leases expiring in November, both said they are likely to leave.