STREB at SLAM
Project: Acquisition of property for dance company
Project Location: Williamsburg, Brooklyn, NY
Project Cost: $1.1 million
Architect: N/A
Client Profile: SLAM is an open-access venue that models a new kind of artist-driven community institution. The doors of SLAM are never closed. Performances at SLAM are not stiff, class-coded, regimented affairs; they are neighborhood happenings where the company's longtime fans from the high-art crowd mingle with the at-risk kids from the local public schools and their parents. At the heart of this machine is the driving force of art and action, and the belief that art can provide a service to a community such that voters, taxpayers, and consumers will consider it indispensable.
Project Description: Internationally known choreographer Elizabeth Streb purchased her 5,000 square foot garage space in Williamsburg, Brooklyn to provide a permanent foothold in the neighborhood for the company and the organization’s education programs. Denham Wolf successfully negotiated an under-market purchase for this property, paid for in part with support from the NYC Department of Cultural Affairs and financing from a private commercial lender.
Roles and Responsibilities: Denham Wolf served as Real Estate Advisor in:
> negotiating the transaction with a private developer, and in conjuction with counsel;
> assisting in the procurement of public sector resources through the New York City Department of Cultural Affairs;
> securing private financing.
Photo credits: Aaron Henderson and YK Hong