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Deals & Dealmakers

Bronx group aims to create space on Canal Place

A community arts incubator is set to open in the Bronx.
Bronx Kreate Space will establish provide local artists with affordable, creative space that fosters artistic synergies while also driving the local economy.

“This project is of utmost importance to the continued revitalization of the Bronx – especially the ability to attract artists and artisans,” said Kathy Zamechansky, president of KZA Realty Group, who broke in the Mott Haven the deal at 15 Canal Place

Made possible in part by a $595,000 Downtown Revitalization Award from New York State and a $350,000 loan arranged by The Bronx

Overall Economic Development Corp. and its president, Marlene Cintron, Bronx Kreate Space purchased the four-story warehouse built in 1908 from B&G Mechanical Corp. for $4.2 million.

Bronx Kreate Space will lease affordable studios to more than 100 artists and makers, along with offering community memberships that allow participants to take part in classes, lectures, gallery space and maker markets.

In partnership with local museums, non-profit organizations, schools and government agencies, Bronx Kreate Space will establish a cultural destination in the borough and foster a sense of community in the immediate area. Resident and affiliated artists will also
mentor local public and private school students.

In addition to hiring management, maintenance and hospitality employees, Bronx Kreate Space will partner with a local coffee shop to occupy a cafe space and help build traffic for the ground floor gallery. The space will also host local events.

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