Warhol Factory Condos
Andy Warhol predicted everyone would be famous for fifteen minutes. Were he alive today he might want to amend that to everyone will own a condo for fifteen minutes...before flipping it. Now comes word that Andy's legendary 33rd Street Factory has been bought by a developer with plans to turn the quirky midtown Manhattan building into luxury condominium lofts. Click below for details and to view photos of the Factory as it stands today.
Andy was famously good with real estate and made a mint on everything he bought. The Factory had several different Manhattan locations during his heyday. This former Con-Ed substation is an unusual T-shaped four story building with frontage on three sides: Madison Avenue, 33rd Street, and 32nd Street. It has been bought and sold numerous times since the estate owned it after the artist's death in 1987, but no one seems to have been able to use it effectively. The New York Post's Lois Weiss now reports that a partnership has plans to convert it into a 22-story luxury loft condo with 50 units.
Warhol was ahead of his time in so many ways. Add one more.