Massey Knakal Realty Services
LITTLE ITALY — The Italian American Museum has put its home up for sale — but the cultural institution isn't going anywhere.
The three buildings at 185-189 Grand St., which contain the museum as well as residential units and storefronts, recently hit the market for $13 million, with the condition that the museum remain on site.
The museum hopes that whoever buys the three-story buildings will tear them down and build a structure that's twice as large — which is allowed under the zoning — giving the museum the chance to double its space as well, said Joseph Scelsa, president of the Italian American Museum.
Scelsa intends to use the money raised by the building sale to create a new high-tech 4,000-square-foot museum with audio and visual exhibits telling the story of the neighborhood's Italian immigrants.
“The best way to do it is to partner with someone who is willing to develop the rest of the building so the museum can expand and become a state-of-the-art facility for the 21st century,” Scelsa said.
“The [new] facility itself will be something that can handle the infrastructure of the technology, which is something we can't really do right now.”
The museum, which opened in 2001, purchased the three buildings in 2008 but they became too much of a financial burden, triggering the decision to sell, according to a New York Times article.
The current buildings have about 10,000 square feet of space, while a new development on the site could be more than 22,000 square feet, according to Massey Knakal Realty Services, the broker handling the sale.
Scelsa estimates that it will be at least two to three years before construction could begin, so the museum has not begun thinking about a temporary relocation plan.
“We have plenty of time to figure that piece out,” he said.
By Serena Solomon on July 25, 2013 5:04pm
DNAinfo New York
Italian American Museum
155 Mulberry Street
(Corner of Grand and Mulberry Streets)
New York, NY 10013
Tel. 212.965.9000
Email: info@ItalianAmericanMuseum.org
www.ItalianAmericanMuseum.org
www.IAMGolfClassic.org
http://www.facebook.com/pages/Italian-American-Museum/90138502227
www.twitter.com/IAMMuseumNYC
www.youtube.com/user/ourmuseum
For information on the Museum's Travel Program, please call (718) 597-1414
or email: JRusso-Winner@ItalianAmericanMuseum.org
The IAM is chartered by the University of the State of New York and has a 501(c)(3) designation from the IRS.
