NON-PROFITS RISE AGAIN
|Last year was rough for many businesses. But in the last quarter,Denham Wolf Real Estate Services principals Jonathan Denham and Paul Wolf saw a noticeable uptick in non-profits, which had been husbanding resources and had the ability to move forward with projects. The firm recently wrapped up project management of the new 11k-SF Poets House in Battery Park City, and helped the Council on the Arts & Humanities for Staten Island secure a Rockefeller Foundation grant to kick off strategic planning for a new arts center. The firm was also the project manager of the recently unveiled renovation of the Baryshnikov Arts Center’s Jerome Robbins Theater at 450 W. 37th St.
|The interior of Poets House. On the brokerage side, Denham Wolf is repping 300k SF of requirements and sees the non-profit tenants’return to optimism. Groups that had been looking for space in the outer boroughs are looking in Manhattan again; and some are even making Downtown to Midtown moves, like The Pearl Theatre, which relocated administrative offices, rehearsal space, and a costume shop to the Garment District. Denham Wolf also helped to secure a 20-year, 67.7k-SF triple-net lease for DC 1707, a NYC labor union representing 25k members. Its new home at 414-422 W. 45th St. presents the option to purchase the space, giving the organization a chance for long-term stability and growth.