Grow Therapy Expands Manhattan Footprint With Essex Crossing Lease

According to an announcement from New York Governor Kathy Hochul’s office, mental health platform Grow Therapy has inked a lease for more than 78,000 square feet at 145 Delancey St., a building that’s part of the Essex Crossing complex — a mixed-use mega-development built by a joint venture including L+M Development Partners, BFC Partners, Taconic Partners, The Prusik Group and the Goldman Sachs Urban Investment Group. The new location, which is poised to quadruple Grow Therapy’s footprint in Manhattan, N.Y., is expected to serve as the company’s main hub for its product development, as well as its engineering and administrative operations.

“Grow Therapy’s decision to deepen its roots here reflects the strength of our talent and innovation economy, and we are proud to support a company using technology to expand access to mental health care while creating new opportunities for New Yorkers,” Hochul said in a statement.

Following the move, Grow Therapy has announced plans to invest $15 million in its new Manhattan, N.Y., office space at Essex Crossing and create 123 new jobs, while also maintaining its current employment levels. Some $9.9 million will be directed toward research and development at the site, and the company’s growth is backed with up to $1.4 million in performance-based tax credits.

Before its lease at Essex Crossing, the telehealth company previously signed a 19,000-square-foot agreement in November 2025 at Northwood Investors’ 100 Broadway with a goal to house a workforce of roughly 186 new employees working in technology, operations and marketing.

The expansion of the health platform’s office footprint in New York City is tied to its growing financial momentum: Earlier this year, Grow Therapy reached a $3 billion valuation after locking in a $150 million Series D funding round, led by existing investors TCV and Goldman Sachs Alternatives.

“When I joined Grow this year, the momentum was already underway,” Grow Therapy Chief Financial Officer, Seth Bressack, said in a statement. “Sustaining it is our top priority, and New York is our center of gravity: What we build in this city reaches everyone we serve in all 50 states. The talent is here, the clients are here and now more of the jobs will be, too.”