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walo88 gaming An Unlikely Winner in the Office Real Estate Slump? A Dance Troupe.

Updated:2025-01-05 04:50    Views:60
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Likely you’ve heard about the proliferation of empty urban office space since the pandemic and the rise in remote and hybrid work. But if you’ve given any thought to who might fill some of that space, you’ve probably overlooked a promising group: dancers.

Dancers need to work in person, a fact that made the Paul Taylor Dance Company attractive to potential landlords. At a time when funding for dance has been shrinking, the company has recently expanded into new headquarters in Midtown Manhattan — just in time for final rehearsals before its annual season at Lincoln Center (Nov. 5-24).

“They said they needed tenants who would show up to work,” John Tomlinson, executive director of the Paul Taylor Dance Foundation, said of George Comfort & Sons, the real estate management and investment firm that owns the building.

The space, two floors of an office building on West 38th Street, close to the Theater District, has been renovated to include two large double-height studios, along with classrooms, changing rooms and offices. It is nearly three times the size of the headquarters on Grand Street that the company has leased on the Lower East Side since 2011, a site it will retain.

A move this big might seem surprising in the current funding climate. But for this company, long one of the city’s most prominent dance institutions, expansion was, in a sense, a necessity. Making it happen required some good fortune, including the discovery of a quirk in real estate law.

The police believe the person whom the gunmen were targeting was among those killed, Scott Thurmond, the city’s police chief, said at a news conference on Sunday morning. He said the shooters had approached the scene in a vehicle, got out, opened fire and then fled in the vehicle. The police said they believed the shooters had used machine gun conversion devices, which alter semiautomatic weapons so that a single pull of the trigger can empty a gun’s entire magazine.

With the expansion, the Taylor organization joins the very short list of dance companies with substantial real estate in one of the world’s most expensive markets: Alvin Ailey American Dance Theater, Mark Morris Dance Group, Dance Theater of Harlem.

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