Tony Shafrazi, Lehmann Maupin, and Stephen Haller Galleries Will Lose Building

The owner of 540-544 West Twenty-sixth Street, New York, will demolish the site’s current building, which is home to Tony Shafrazi, Lehman Maupin, and Stephan Haller galleries, reports Zoe Lescaze of GalleristNY. The plan will create a new two-story building with 130,000 square feet of commercial, office, and community facility space, forcing the galleries to relocate. Alan Shmaruk, cofounder and partner at the Manhattes Group, will codevelop the property. The building’s previous tenants have not yet released word of their new locations.