News: Owners Developers & Managers

LCOR leases 3,400 s/f for Art’s House relocation

Brooklyn, NY According to LCOR, a leader in real estate investment, development, and management, Art’s House Schools, a not-for-profit performing arts school based in Coney Island, has signed a ground-floor lease at the base of its newly completed residential development, 1515 Surf Ave. The lease represents a relocation and expansion by Art’s House from its original 1003 Surf Ave. location. The new 3,400 s/f space will open later this month. 

Founded in 2005, Art’s House Schools has been a cornerstone of the community, offering instructional classes and artistic programs in music, dance, and fine art to children aged 3-17. The new lease marks a significant expansion for Art’s House, allowing it to serve the community better while remaining in Coney Island and along Surf Ave.

LCOR was represented by Ryan Condren and George Danut from JLL and Keat Chew from Kinetic Real Estate Group. Art’s House Schools represented itself. 

“We are so excited to continue building our community in Coney Island with Art’s House Schools’ new location at 1515 Surf," said Sophia Harrison, executive director and founder of Art’s House Schools. “For nearly two decades, we’ve provided cultural programming to children and senior citizens in Southern Brooklyn, and this new space allows us to grow our impact even further.”

Art’s House Schools’ new lease brings the development’s retail space on Surf Avenue to full occupancy. The performing arts school joins recently announced Milk & Honey, a Brooklyn-based cafe and restaurant, which took 3,500 s/f in the adjacent retail space along Surf Ave. and will open in late spring 2025. 

“We designed 1515 Surf to create a vibrant, year-round residential community that embodies the spirit of Coney Island,” said Anthony Tortora, senior vice president and principal at LCOR. “Art’s House Schools has been a cornerstone of this community for two decades, and we’re proud to support their continued growth with a new, expanded space at 1515 Surf. As Coney Island transforms from a seasonal destination to a place where people live, work, and grow, Art’s House will play a crucial role in its transformation.”

MORE FROM Owners Developers & Managers

GFP Development and CetraRuddy to speak at ICF “On the Future of City Living”

Manhattan, NY After the reveal of Wrey, the second office-to-residential luxury conversion by GFP Development and award-winning architecture and interior design firm CetraRuddy, two of its key design protagonists will speak at ICFF “On the Future of City Living.”
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREON Insights:  Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
Follow the upside: How NYC  investors are rethinking real estate - by Thomas Donovan

Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan

In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily
Hunt Commercial Real Estate Question and Answer:  Evaluating the buyer - by David Hunt

Hunt Commercial Real Estate Question and Answer: Evaluating the buyer - by David Hunt

The Purchaser: This is usually a subjective decision. As an example, a large public company may be a desirable purchaser because it is financially strong, but