Luhring Augustine recently purchased this warehouse at Knickerbocker & Ingraham for $2 million. (Photo by Devvon Simpson for BushwickBK)

BushwickBK’s Stephen Truax, who also contributes to this blogazine, reports on Luhring Augustine’s new Bushwick space:

Luhring Augustine will be doing extensive renovations on the building to house artwork, and the result will be “a nicely designed Chelsea-like viewing space,” said senior preparator Donovan Barrow, including polished concrete floors, skylights, and climate control.

“The new building is primarily going to be our storage facility, but we hope to have at least a quarter of the space dedicated to exhibitions,” said Barrow. A 2,500-square-foot exhibition space would be a first for Bushwick, though it’s not clear if it will be open to the public or just collectors.

According to Crain’s New York, the gallery got a deal as the asking price was $2.6 million.

Hrag Vartanian is editor-in-chief and co-founder of Hyperallergic.