(MAY 12, 2022 – NEW YORK CITY) – OPEN Impact Real Estate LLC (OPEN) announces that it represented The Door, whose mission is to empower young people to reach their potential by providing comprehensive youth development services, in an 18,000-square-foot lease at 2999 Third Ave. in the Bronx. Lindsay Ornstein and Stephen Powers, founders of OPEN, and Arthur Skelskie, Alexander Smith and Ginny Durfee of Transwestern Real Estate Services represented The Door in the transaction.
The Door will consolidate two current Bronx offices into its new location, helping to improve access to the organization’s wide range of programs and services, such as counseling, college advisement and tutoring, youth services, and employment and education programming. The Door will occupy three floors within the four-story building, which also has ground floor retail.
Building ownership, Chestnut Holdings, recently gutted the second through fourth floors and is completely renovating the space to meet The Door’s needs. The design features exposed brick and plentiful windows, creating a bright, open atmosphere. The space will have eight classrooms, plus several larger meeting rooms and seating for approximately 65 staffers, including 10 private offices. The Bronx hub is expected to open this summer.
“Consolidating our Bronx offices will help us to improve efficiencies and enable us to better reach the area’s youth with the critical services The Door provides,” said Kelsey Louie, Chief Executive Officer of The Door. “The new location will feature a design that is similar to our main Manhattan location, which creates an environment that best supports our work. Our new hub is a fitting way for The Door to celebrate its 50th anniversary.”
The Door will benefit from a dedicated entrance and elevator to its new offices, creating a “building-within-a-building.” The 10-year lease includes rights to construct a roof deck approximately 5,000 square feet in size, as well as three adjacent parking spots, which could be transformed into an outdoor lounge area. The location offers easy access to public transportation with the 2 and 5 Trains, as well as numerous bus lines.
“The Door is making positive, life-long changes in the lives of the youth it serves,” said Skelskie. “The Door’s drive to make a difference in the community was reflected in the fact that, like many of the nonprofit organizations we work with, they maintained a forward-looking mentality during the pandemic. Rather than hunker down and sign a one-year lease, their executive committee kept to their long-term vision for the organization.”
Chestnut Holdings was represented internally in the transaction.
About The Door
The Door’s mission is to empower young people to reach their potential by providing comprehensive youth development services in a diverse and caring environment. Since 1972, The Door has helped a diverse and rapidly growing population of New York City youth with complex needs gain the tools they need to become successful, in school, at work, and in life. While we pride ourselves on offering all of our services under one roof, The Door is also focused on impacting the lives of young people throughout the city – and the world – and, as such, has served as a model for other, similar organizations locally, nationally and internationally. For more information, please visit https://door.org or follow us on @Door_NYC.
About OPEN Impact Real Estate LLC
OPEN Impact Real Estate (OPEN) is a woman-owned business that delivers a comprehensive range of commercial real estate brokerage and advisory services, with a focus on supporting social-minded, mission-driven organizations. Based in New York City, OPEN serves clients across the United States, particularly those that value the benefits of working with an M/WBE with deep expertise in furthering mission through physical space. OPEN is an affiliate of Transwestern Real Estate Services. For more information, please visit www.openregroup.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
