Sleep No More stays awake in Meatpacking

From The Real DealSleep No More, the experiential theatre show based at the McKittrick Hotel, is opening up a second location in the Meatpacking District.

Its new spot will be in retail space beneath the High Line at 450 West 14th Street, Crain’s reported. Though it’s not yet certain what Sleep No More will do with the space, sources told Crain’s there will be a bar, restaurant and performance space. The approximately 102,000-square foot building is known as the High Line Building, because it covers part of the park.

Sleep No More is an immersive show and a variation on Shakespeare’s MacBeth. Guests wear masks and walk through several floors at the McKittrick, located at 530 West 27th Street, while they interact with the actors.

The space on 14th Street is controlled by Winthrop Realty Trust, a public real estate company. It acquired a $15 million preferred equity position in the structure in 2011. Two years later it sued the building’s landlord, the Hirsch family, for failing to provide a document it needed to secure a $55.25 million loan.

The 7,640-square-foot lease is a short-term deal, sources told the publication. Shorter-term deals are increasing in popularity in the city, thanks to a weakening retail market. [Crain’s]