Former Shadow Nightclub Building Sold for $81.5M

By Mathew Katz on March 17, 2014 3:37pm 

 The former home of the Shadow Nightclub, 229 W. 28th St., sold for $81.5 million in March.
The former home of the Shadow Nightclub, 229 W. 28th St., sold for $81.5 million in March.
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DNAinfo/Sarah Tan

CHELSEA — The former home of the controversial Shadow Nightclub was sold to an investment firm for $81.5 million, according to city records.

Lexin Capital bought the 12-story building at 229 W. 28th St. from prior owner Joss Realty Partners in a March 3 deal, according to financial records.

For years, the 156,000-square-foot building was home to the 500-person Shadow Nightclub, where parties drew huge crowds — and complaints from neighbors about noise, crime and even gun violence. 

The State Supreme Court moved to shut down the club in 2012, claiming it operated in a way that endangered the safety of both partiers and neighbors. Last year, owner Steven Juliano moved The Shadow Nightclub to the Upper West Side, where it still operates.

The team behind Meatpacking club Provocateur won approval to open a new venue at the former Shadow space in February 2013, but the plan is still in the works. 

Lexin Capital did not respond to a request for comment.

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