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Highline deal for museum.

The Board of Trustees of the Whitney Museum of American Art has entered into a Conditional Designation Letter with the New York City Economic Development Corporation to acquire a site at Gansevoort and Washington Streets to build a second museum facility.

The city-owned site in the Meatpacking District, is the gateway to the High Line, the eagerly anticipated new West Side park. This is the first step for a project that must undergo the city's public review process. In addition to the Whitney program, a portion of the site will be allocated for offices for the High Line and a meatpacking facility.

Robert J. Hurst, president of the Whitney Board of Trustees, said, "The site will allow us to create significant architecture that is responsive to its urban context and make an important contribution to this evolving and dynamic part of our City."
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Author:Wolffe, Danielle
Publication:Real Estate Weekly
Date:Dec 6, 2006
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