DelShah Capital

JR’s ‘Horizontal’ Return to Orchard Street with Galerie Perrotin Solo Show

Posted June 28, 2018 at 5:09 am

French street artist JR is going big on Orchard Street for the upcoming show at Galerie Perrotin, his first solo exhibit. The Orchard Street showroom – located at the old Beckenstein’s building – is now covered in his trademark, two-toned wheat-paste. There is a rooftop eyeball viewable from the air, and a forty-foot guy grabbing […]

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This Rooftop Mural on Orchard Street is JR’s Latest

Posted June 27, 2018 at 5:05 am

Street artist JR has returned to the Lower East Side. Back on the same block that saw his Ellis Island treatment three years ago. As part of his new “Horizontal” exhibit at the expansive Galerie Perrotin, his first solo show, the French-based artist skinned the rooftop of 130 Orchard Street with his trademark black-and-white treatment. […]

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Art

Report: Michael Shah Acquires 149 Rivington Street as Part of $100M Portfolio Deal

Posted May 23, 2018 at 5:00 am

Delshah Capital, the real estate firm of controversial landlord Michael Shah, is close to closing on a “Brooklyn-centric” $100 million portfolio. According to The Real Deal, the blockbuster deal includes 28 buildings spread across Williamsburg, Bedford-Stuyvesant, Carroll Gardens, and Bushwick, as well as two buildings on the Lower East Side. While the addresses aren’t clear, […]

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Michael Shah Spent $19M on this Hell Square Tenement Building

Posted January 19, 2018 at 5:11 am

On Wednesday, we reported that Michael Shah (Delshah Capital) picked up the Hell Square tenement at 138 Ludlow Street. With the transaction now public, it appears the controversial landlord paid $19 million for the property. Spending that kind of coin on a pre-war walkup means one thing. The requisite upscaling to luxury living. “Despite its […]

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Michael Shah Scoops up 138 Ludlow Street in Hell Square

Posted January 17, 2018 at 5:00 am

Fresh off the failed bid to score a liquor license for Dos Cientos, news comes down the pike today about landlord Michael Shah acquiring a Hell Square walk-up building. His DelShah Capital firm reportedly purchased 138-140 Ludlow Street under the shell company “DS 138 Ludlow LLC.” The sale just closed, so final price has yet […]

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Galerie Perrotin Adds itself to Classic Beckenstein Signage on Orchard Street

Posted January 2, 2018 at 5:00 am

Beckenstein now shills for Perrotin on the Lower East Side. Truth. In a sneaky stroke of the brush, Galerie Perrotin is now part of the S. Beckenstein story at 130 Orchard Street. Fresh off its recent completion of additional upper-level exhibition space, the Paris-based gallery added itself to the classic red-white-and-yellow exterior signage. Take a […]

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Art

‘Galerie Perrotin’ Opens at Orchard Street’s Beckenstein Building Tomorrow

Posted April 26, 2017 at 5:04 am

Over at 130 Orchard Street, gone is the plywood and daily train of dumpsters at curbside. This gallery is ready to roll. Only partially complete – construction has been ongoing since the fall – the ambitious new outpost of Galerie Perrotin debuts tomorrow at the Beckenstein building on Orchard Street. The ground floor of the five-level showroom […]

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Five-Level ‘Galerie Perrotin’ Begins Build-out at Beckenstein Building on Orchard Street

Posted December 27, 2016 at 5:14 am

The historic Beckenstein building on Orchard Street is undergoing a massive retail shift as we speak. You’ll recall that the property was acquired by DelShah Capital in August 2015 for $28 million. Not surprisingly, the old-school vendors that operated here for upwards of a decade didn’t survive the transition. (World Hats moved up the block to […]

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Art

‘Galerie Perrotin’ Announces Massive 5-Level Gallery at Beckenstein Building on Orchard Street

Posted June 14, 2016 at 5:00 am

It looks like that controversial bait-and-switch proposed for the Beckenstein Building (b. 1902) – Orchard Street Social – hit a dead end. Word came down the pike yesterday afternoon that the three-year-old Galerie Perrotin is moving to the Lower East Side (“the city’s most dynamic arts neighborhood”) from the Upper East Side. The Paris-based Galerie Perrotin […]

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Art

Michael Shah Plans ‘Orchard Street Social’ Co-Working Space and Bar for Beckenstein’s Building

Posted May 3, 2016 at 5:00 am

Stanton Street Social, meet Orchard Street Social.​ Controversial landlord Michael Shah purchased the iconic “Beckenstein Building” at 130 Orchard Street last August for $28 million. The luxury rental property was quickly repositioned as “The Beckenstein,” and teamed up with Samy Mahfar’s Real New York brokerage for leasing. And now Shah is planning nightlife on the 5,000 […]

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