Convene Hospitality Group Signs Lease for Event Space at Chelsea's Terminal Warehouse

What's Happening?

Convene Hospitality Group has signed a 50,000-square-foot lease for a luxury event space named 'The Mallory' at Chelsea's historic Terminal Warehouse. The venue, located at 12th Avenue and West 28th Street, will accommodate up to 550 guests and feature a reception lounge, grand event hall, and gallery with movable walls. The Terminal Warehouse, constructed in 1891, has been transformed into a commercial and events space while preserving its historic character. The project, developed by L&L Holding Company and Columbia Property Trust, includes 12 revitalized office floors and a central courtyard. The Mallory is set to open in the second quarter of 2026.

Why It's Important?

The opening of The Mallory at Terminal Warehouse marks a significant development in New York City's commercial real estate landscape. It reflects a growing demand for unique event spaces, which has increased by 165% over the past two years. This transformation of a historic site into a modern event venue highlights the adaptive reuse of urban spaces, contributing to the economic revitalization of the Chelsea neighborhood. The project also underscores the importance of preserving historical architecture while meeting contemporary needs, offering a blend of cultural heritage and modern amenities.

What's Next?

The Mallory is expected to become a key player in New York City's event space market, attracting high-profile events and clientele. The developers are finalizing agreements with additional tenants, including a fitness provider and food-and-beverage operators, to enhance the building's amenities. As the venue prepares for its 2026 opening, it will likely influence the local economy by creating jobs and attracting visitors to the area. The success of this project could inspire similar developments in other historic buildings across the city.