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Studio Museum in Harlem

Studio Museum in Harlem

Type

Culture/Arts

Location

New York, NY

Est. Project Cost

$125.0 million

Size

82,000 SF

Public Financing

New Markets Tax Credit, City, State

Sponsor

Studio Museum in Harlem

Private Financing

Debt, Equity

Closing Date

2018

Transit HUB Project/Historic Renovation/Education

The Studio Museum in Harlem project involved the construction of a new, state-of-the-art cultural facility dedicated to artists of African descent. With an estimated cost of $125 million, the 82,000 square foot museum serves as a vibrant hub for exhibitions, public programs, and educational outreach. Monge Capital helped secure New Markets Tax Credit financing and played a strategic role in advancing a project that has significantly expanded cultural access and economic opportunity in Harlem.

Estimated Economic and Social Impact

40 jobs created, 200 construction jobs, 30 internships and serving over 200,000 visitors and participants annually

Project Gallery