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CHUPI IN CRISIS: Meet New York's New Palazzo

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Julian Schnabel's Palazzo Chupi, already combating a lack of buyers and closet space, must now contend with that most frustrating of adversaries: imitators. And while this old tenement building at 334 Grand Street on the Lower East Side, sporting a brand new four-story addition, would never be mistaken for the Chupster by way of looks?check out its new moniker: Palazzo Grey. That's right: Downtown Manhattan has its second Palazzo. What to make of this Palazzo Grey? We're not sure. The BelDel building was recently being marketed for $13 million, which was then knocked down to $11 million before the listing vanished in July. Is the new owner a very proud Mr. or Ms. Grey? The building formerly was home to Lismore Hosiery on the ground floor, so maybe Palazzo Underpants should have been considered. Your response, Chupi?
· CurbedWire: High Line Exclusivity, LES Tumor for Sale [Curbed]
· All CHUPI IN CRISIS coverage [Curbed]

Palazzo Chupi

360 W 11th St, New York, NY 10014