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MORE SPACE: Calvin Klein has another set of new digs. The 64-year-old designer just bought into the Chelsea Arts Tower, the 20-story office development at 545 West 25th Street, a source said. The building, which is entirely commercial condominiums located in the heart of the Chelsea galleries, is the tallest building in the area at 280 feet (and it will stay that way, since the neighborhood has just been rezoned with a height restriction of 135 feet). Klein, said the source, nabbed the 18th floor, where spaces sold for prices north of $4 million.

The building, which is being developed as a joint venture between Jack Guttman and Young Woo Associates, is the work of three architects: Alan Garry of Kossar & Garry is the architect of record, while art world favorite Richard Gluckman of Gluckman Maynor Architects is responsible for the lobby and HOK designed the facade.

Klein’s neighbors will include the Marlborough Gallery, which will move into the first two floors, while collectors Adam Lindemann and Glenn Furman took three floors between them. They are expected to close their deals and begin interior work in September, with an eye to opening early next year.

The condominiums, which are sold solely as entire floors, range from 4,140 square feet on the lower levels, to 3,540 square feet after the first setback, to 3,100 square feet, which is the size Klein selected. While smaller, his office boasts a terrace. Six floors still remain for prospective buyers, with prices ranging from $2.8 million to $3.1 million.

When reached for comment, Stuart Siegel of Grubb & Ellis, the exclusive broker for the tower, explained the building was designed specifically with galleries in mind. “We got a focus group of galleries together to find out what was important to them. We knew that galleries and collectors wanted to own their own space, but it had become too expensive to build a small building. There’s nothing else in Chelsea like this.”

A topping-off party for the building will be held tonight at Cheim & Read Gallery — also the work of Gluckman, so guests can see what’s coming on 25th Street.

This story first appeared in the May 23, 2006 issue of WWD. Subscribe Today.

BEAMING OUT: Karl Lagerfeld, who did an instant Podcast of his signature collection last February, is up to his high-tech tricks again — this time for Chanel. Last week’s cruise show at Grand Central Terminal in New York will be the subject of a 10-minute documentary that will be promoted via text messages in France and online advertising, driving top Chanel clients and fashion fanatics alike to view it on the Web site.

Produced by Mademoiselle Agnes and Loïc Prigent, the film features behind-the-scenes preparations for the show, along with a healthy dose of irreverence — poking fun, for example, at the countless suitcases the designer prepared for his voyage. The film will be available in French and English on June 3, with subtitled versions in Japanese, Korean and Chinese to be posted online six days later, according to a Chanel spokeswoman. Teaser ads are also slated to run on staring June 15, she added.

BAILEY’S SNAPSHOTS: After cochairing the “Anglomania” gala at the Costume Institute at the Met earlier this month, Christopher Bailey isn’t taking it easy. As guest curator of the Photo London art fair, which was held until Sunday at London’s Royal Academy of Arts, Bailey showcased the images that represent his myriad inspirations in the city. The designer’s picks ranged from Hedi Slimane‘s shots of the London rock scene to Tim Walker‘s images of an old-fashioned ladies’ dress shop in North London. “Just when you think you have understood and experienced a part of London, a whole other side of this incredible city reveals itself,” said Bailey. “The images I have chosen are a reflection of some of the many faces behind this city.” Works by Sam Taylor Wood, Mary McCartney Donald and Wolfgang Tillmans were also part of Bailey’s show.