Savanna, a New York-based real estate private equity and asset management firm, is delighted to announce that they have donated the use of 8,409 square feet of space at 100 Wall Street to Lower Manhattan Cultural Council (LMCC), a non-profit organization that produces free cultural events all around Lower Manhattan and promotes artists and the arts through grants, artists residencies, professional development for artists and advocacy.
The latest announcement aligns with Savanna’s 2012 donation of the use of the entire 21st floor (11,250 square feet) at 80 Broad St. LMCC will use the space for visual artist studios and performing artist rehearsals as well as professional development workshops for artists, until October 2013.
Celebrating its 40th Anniversary in 2013, Lower Manhattan Cultural Council holds the advancement of artists, the transformation of audiences, and the catalyzing of communities central to its vision.
As the lead partner of The River To River® Festival, the annual free summer arts festival in Lower Manhattan, LMCC weaves these objectives together and encourages audiences to discover an unexpected artist, an art form or site.
Over the past decade, River To River has become a cultural institution, drawing over 100,000 people each year to indoor and outdoor venues across Lower Manhattan for free music, film, dance, visual arts, and family events. LMCC is supported by a wide range of individuals, foundations, corporations, and government entities.
“Savanna is proud to continue its active association with LMCC who for 40 years, has done an exceptional job of ensuring that the cultural fabric of lower Manhattan continues to evolve and become integral to the lives of office tenants and downtown residents,” says Kevin Hoo, Vice President, Savanna and board member at LMCC.
“The mission of LMCC and their success in continuing to reestablish lower Manhattan often goes unnoticed but is essential to developing the sense of community that defines what is undoubtedly one of the world’s most recognizable neighborhoods.”
“We are very grateful to Savanna for donating this space,” said Melissa Levin, LMCC Director of Cultural Programs. “We believe that providing high quality work space to artists is critical to their success, as well as to our efforts to partner with Downtown stakeholders to catalyze and connect with communities. The space at 100 Wall Street, with its views of the city and East River, provides an inspiring space and flexible set-up for performance and visual artist studios.”
100 Wall Street is a 29-story, 520,000 square foot Class A office building located on Wall Street between Front and Water Streets in Manhattan’s Financial District.
The property offers tenants views of the East River in addition to revitalized common areas and modern amenities. Savanna acquired the building in June 2011 and has successfully leased 175,000 square feet of space to date, raising occupancy from 72 percent to 86 percent during that period.
More information is available at www.LMCC.net.