The acclaimed Japanese artist and former model, Mariko Mori, has signed a lease for 3,300 sq ft of space to house her studio, showroom and private tearoom on the top floor of 247 West 37th Street. Michelle Stone, managing director of Sinvin Realty Corp., represented Mori in the deal. Matthew Mandell of Newmark represented the landlord, 247-263 W. 37th Street Associates, LLC.
The asking price had been $19 per sq ft. Mori has been called “beautiful and talented” by artnet and she is considered one of the most prominent international artist of her generation. Her works sell for hundreds of thousands and her installations can cost more than $1 million to produce.
Mori’s work has been on exhibit at the Venice Biennale, and the subject of solo exhibitions at the Brooklyn Museum, Los Angeles County Museum of Art, Museum of Contemporary Art of Chicago, Serpentine Gallery of London, National Museum of Modern Art, Centre Pompidou of Paris, Wolfsburg Museum of Germany, Bregenz Museum of Austria, Museum of Contemporary Art of Tokyo, and Prada Foundation of Milan.
Mori had occupied 2,200 sq ft at 102 Franklin Street in Tribeca, but decided to move when the rent increased dramatically at the end of her lease term.