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Art Lovers Are Going Crazy For A New Condo In Downtown Manhattan

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Schumacher Arrival36 Bleecker Street was built in 1885 to house the Schumacher and Ettlinger printing business, but it's currently being remodeled to house new luxury residences — and the art world is scooping them up.

Famed art collector Alberto Mugrabi, who owns one of the world's largest collections of Andy Warhol's art, is in contract to buy two triplex units (one full floor) in the Schumacher for $20.695 million, according to the Wall Street Journal. He will reportedly combine the units and display his Warhol collection on a windowless south wall.

Real estate developer and renowned art collector Aby Rosen is also in contract to buy an $8.5 million condo in the building, according to the WSJ. 

The building even has an art curator, Cristina Grajales, a SoHo gallerist who has commissioned works by artists like Jose Parla and Christophe Come to be permanently on display in the building. The courtyard is being designed by famed landscape architect Ken Smith.

The Schumacher will not be finished until December 2014, but half of its 20 units are already in contract. 

The Schumacher, also known as 36 Bleecker, was once a large printing house that helped turn NoHo into a major printing district during the 19th century. Architect Morris Adjmi will turn it into a luxury residence.



A doorman will be on-call 24 hours a day, and there will also be a part-time porter; fully-equipped, 750-square-foot fitness center; and a custom-built, pirate-themed children's playroom.



Ken Smith, the landscape architect best known for having designed the rooftop gardens at the MoMA, is behind this design for The Schumacher's courtyard.



See the rest of the story at Business Insider

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