{"id":53036,"date":"2026-11-09T07:53:14","date_gmt":"2026-11-09T04:53:14","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=53036"},"modified":"2026-11-06T14:02:11","modified_gmt":"2026-11-06T11:02:11","slug":"grow-therapy-expands-manhattan-footprint-with-essex-crossing-lease","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/grow-therapy-expands-manhattan-footprint-with-essex-crossing-lease\/","title":{"rendered":"Grow Therapy Expands Manhattan Footprint With Essex Crossing Lease"},"content":{"rendered":"

According to an announcement from New York Governor Kathy Hochul\u2019s office, mental health platform Grow Therapy has inked a lease for more than 78,000 square feet at 145 Delancey St., a building that\u2019s part of the Essex Crossing complex \u2014 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\u2019s footprint in Manhattan, N.Y., is expected to serve as the company\u2019s main hub for its product development, as well as its engineering and administrative operations.<\/p>\n

\u201cGrow Therapy\u2019s 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,\u201d Hochul said in a statement.<\/p>\n

Following the move, Grow Therapy has announced plans to invest $15 million in its new Manhattan, N.Y., office space<\/a> 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\u2019s growth is backed with up to $1.4 million in performance-based tax credits.<\/p>\n

Before its lease at Essex Crossing, the telehealth company previously signed a 19,000-square-foot agreement in November 2025 at Northwood Investors\u2019 100 Broadway<\/a> with a goal to house a workforce of roughly 186 new employees working in technology, operations and marketing.<\/p>\n

The expansion of the health platform\u2019s 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<\/a> round, led by existing investors TCV and Goldman Sachs Alternatives.<\/p>\n

\u201cWhen I joined Grow this year, the momentum was already underway,\u201d Grow Therapy Chief Financial Officer, Seth Bressack, said in a statement. \u201cSustaining 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Grow Therapy has inked a lease for more than 78,000 square feet at 145 Delancey St., a building that\u2019s part of the Essex Crossing complex. The new location, which is poised to quadruple Grow Therapy\u2019s footprint in Manhattan, N.Y., is expected to serve as the company\u2019s main hub for its product development, as well as its engineering and administrative operations.<\/p>\n","protected":false},"author":56,"featured_media":53037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,4014,39],"tags":[],"class_list":["post-53036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"\nGrow Therapy Inks Essex Crossing Office Lease | CommercialCafe<\/title>\n<meta name=\"description\" content=\"Grow Therapy has inked a lease for more than 78,000 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