NEW YORK, June 15, 2016 /PRNewswire/ -- Lexington Avenue in Manhattan climbed another rung in New York City's cultural hierarchy, as renowned international art gallery Nathan A. Bernstein & Co. moved to the thoroughfare, leasing 954 Lexington Avenue, in a deal arranged by the Worldwide Leasing & Sales Team of Faith Hope Consolo at Douglas Elliman.
The gallery is relocating from 21 East 65th Street, near the corner of Madison Avenue, to the three-story space on the west side of Lexington Avenue, between 69th St. and 70th St.
"This was a very savvy move by Nathan from Madison to Lex, and I think we'll see more art galleries following him to open up along this corridor," said Faith Hope Consolo, Chairman of the Worldwide Leasing & Sales Team at Douglas Elliman.
Nathan A. Bernstein & Co. is known for showcasing masters Monet, Léger, Renoir, Picasso, Klee, as well as contemporary artists Warhol, Koons, Basquiat, Nara and Wang, and building museum-quality collections over the past three decades.
"Art in New York City thrives, and the big institutions, like the Park Avenue Armory, on Park and 66th, complement the galleries already here, including Gallery 71, a block up on Lex, which make this a neighborhood where collectors come to treasure hunt," Consolo said.
Along this corridor, the Worldwide Leasing & Sales Team also arranged the leases for pop art gallery Diamondocity at 958 Lexington and for designer antiques furniture gallery L'Art de Vivre Antiques at 978 Lexington.
"Between 70th and 74th is what we call 'Baby Madison' – it's like a little French neighborhood on the Left Bank, with the art galleries, the patisseries, and all the right shopping, of course."
The Worldwide Leasing & Sales Team at Douglas Elliman exclusively represented both the landlord and the tenant in the transaction.
Recognized worldwide as the "Queen of Retail," Faith Hope Consolo is sought out for her expertise as a consultant and retail broker, playing a major role in revitalizing and sculpting retail corridors in New York and around the world. As chairman of Douglas Elliman's Retail Group, she is responsible for the most successful commercial division of New York's largest residential real estate brokerage firm.
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SOURCE Douglas Elliman