Art is out and chic kitchens are in at 429 West Broadway. Italian cabinet and kitchen designer Scavolini USA recently bought the duplex retail co-op at the base of the building, between Prince and Spring streets. The seller was Nancy Hoffman Gallery, which had owned the 7,800-square-foot space for more than three decades. The price was more than $10 million.
In the city, Scavolini wares can be found at Atmosphere Kitchen & Bath on the Upper West Side. The SoHo store will be the company’s first wholly owned showroom here.
“They wanted to make a big statement with the brand by locating in SoHo,” said MICHAEL GLANZBERG, the principal at Sinvin Realty who, with colleague CHRISTOPHER OWLES, represented both Scavolini USA and the seller. “Even if [international tourists] are not necessarily buying kitchen products, they’re seeing and experiencing the brand as a luxury retailer.”
The flagship store, which will occupy the ground floor and lower level, should open in fall 2009 after an extensive build-out.