Venable represented The Studio Museum in Harlem in connection with their planned $175 million project to develop a new facility located on the Studio Museum's existing site on West 125th Street in Harlem. The Studio Museum in Harlem is the nexus for artists of African descent locally, nationally and internationally and for work that has been inspired and influenced by black culture; it is a site for the dynamic exchange of ideas about art and society.
The project involved a design and approvals process, a series of real estate transactions, bridge financing, new markets tax credit financing and related sublease structure, State Attorney General and Court approvals, City Public Design Commission and Community Board review, CEQR environmental review, and design and construction contracting, among other matters.
The Venable team, led by Sue Golden and Mike Schiffer (on tax credit and financing matters) and representing lawyers from multiple offices and practice disciplines, included Walter Calvert, Suzanne St. Pierre, Michael Phillipou, Mark Vecchio, Yossi Ziffer, Anne Gerson, Ashley Dunn, Liz Stieff, Gueter Aurelien, Hilary Atzrott, Jordan Zimolka, Ashwin Narla and Caren Matyckas, among others. The Venable team advised on all aspects of the transactions and will continue to assist the Studio Museum through construction as needed.