"Last summer, Alexander Wang bought the Beaux-Arts HSBC bank on Bowery and Canal for $9.5 million in cash. At the time, the fashion designer declined to say what he was planning to do with the domed 1924 landmark, which HSBC had shuttered a few years earlier. Now, Wang and his mother Ying - one of the co-trustees on the deed - have announced that they will be opening an Asian American cultural center, Wang Contemporary, in the 17,600-square-foot space at 58 Bowery."
"The organization will host performances, art exhibitions, and other cultural programming, starting with an inaugural show, opening on February 20, by the art collective MSCHF (known for pranksterish send-ups of fashion culture like Nikes with human blood in their soles and their limited run of Big Red Boots inspired by Astro Boy). The building, a grand standalone structure, was completed in 1924 for Citizens Saving Bank. A series of other banks passed through over the decades until HSBC took over in 1999."
Alexander Wang purchased the Beaux-Arts HSBC bank at Bowery and Canal for $9.5 million and is converting the 17,600-square-foot landmark at 58 Bowery into Wang Contemporary, an Asian American cultural center. The center will host performances, exhibitions, and cultural programming, beginning with an inaugural MSCHF show opening February 20. Some events will be free, including MSCHF’s three-day performance "20,000 planes" timed to Lunar New Year. The 1924 building was landmarked in 2011 and joins other repurposed early 20th-century New York banks now used for cultural and event purposes.
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