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Old Posted Oct 14, 2016, 12:10 AM
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Children's Museum nixes move to Essex Crossing



Quote:
The Children's Museum of Manhattan is once again on the lookout for a new home.

The Upper West Side museum, which has been around since 1973, has pulled out of negotiations with Delancey Street Associates to move to Essex Crossing, the mixed-use development under construction near the Williamsburg Bridge. The new space would have allowed the 37,000-square-foot institution to double in size.

Andy Ackerman, CMOM's executive director, declined to specify why talks broke down. "We had a wonderful conversation, but at the end of the day it didn't work out," he said. "Location, financing, timing—all those things have to line up."

A spokesman for Delancey Street Associates declined comment.

The museum is in active discussions about two other potential sites—one on the Upper West Side and one in the Wall Street area. The new space will be a minimum of 70,000 square feet and the museum is looking at both existing buildings or new construction. Ackerman said once they secure the site, the museum will begin a capital campaign. Denham Wolf, a real estate advisory firm that specializes in nonprofits, is overseeing the search.

The Children's Museum, located on West 83rd Street, has long been a favorite spot for Upper West Side families, but a number of popular exhibitions and programs have been attracting record visitors and pushing the current space beyond capacity.
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http://www.crainsnewyork.com/article...essex-crossing
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