| Sep 4, 2015 |
Sicis purchases Fifth Avenue townhouse
Boh staff
By Staff

Italian decorative mosaic art brand, Sicis: The Art Mosaic Factory, is expanding its Manhattan footprint. The company will open a five-floor townhouse at 240 Fifth Avenue by the end of the year, which will showcase the brand’s mosaics, furniture, lighting, accessories and jewelry collections.

The space is also intended to serve as a design "think tank," with plans to host experimental and limited-edition art. The outpost is the brand’s second in Manhattan; its flagship SoHo store opened in 2006. “Our DNA is the history, our mission is the future. We’re continually developing new techniques and products, inventing ways of working with mosaics respecting the art and details from history,” says Maurizio Placuzzi, founder and CEO of Sicis.

Spanning more than 11,000 square feet, the building was sold to Sicis for $22.1 million, reported The Real Deal. It was last sold in 2012, for $7.7 million.

    MORE:
Want to stay informed? Sign up for our newsletter, which recaps the week’s stories, and get in-depth industry news and analysis each quarter by subscribing to our print magazine.
Advertisement