Baryshnikov group moving in at 505W37

A non-profit performing arts group will be dancing its way over to Midtown, according to the New York Times, after developer TF Cornerstone offered it a virtually free, six-month lease at its new rental complex 505W37. The Baryshnikov Arts Center will use the fully furnished, two-bedroom penthouse unit — which it’s leasing for $1 — to house visiting dancers. But the partnership between the Baryshnikov group and the building, which sits between 10th and 11th avenues, doesn’t end there — TF Cornerstone and the non-profit are reportedly in talks to set up a discount program to performances for residents at 505W37. Stanford Makishi, executive director with Baryshnikov, said that the apartment is a major boon to his organization. “What the apartment represents to us is huge budget relief,” Makishi said, “because we do in fact present a lot of international artists, as well as hosting people from out of town in our residency programs.” Click here to see The Real Deal’s tour of the new development. [NYT]