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. 

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