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New York

House approves Tenement Museum expansion

From left: Taconic's Paul Pariser, the museum's expansion at 103 Orchard Street and L+M's Ron Moelis
From left: Taconic's Paul Pariser, the museum's expansion at 103 Orchard Street and L+M's Ron Moelis

An $8 million expansion of the Lower East Side’s Tenement Museum — being funded in part by developers including Taconic Investment Partners and L+M Development Partners — has been approved by the House Committee on Natural Resources.

The museum is currently located at 97 Orchard Street, and now only needs Senate approval to build a 10,000-square-foot space at 103 Orchard Street that will allow it to house additional exhibits chronicling American immigration in the post-World War II period. Real estate executives donated $450,000 of the $700,000 raised at the museum’s fundraiser in June, as previously reported.

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The legislation is expected to sail through the Senate, as it is supported by Republicans, Democrats and the National Park Service, museum president Morris Vogel told Crain’s.

“We have aspirations to show how and why New York, and the U.S., became what it is today,” Vogel told the magazine. [Crain’s] – Hiten Samtani 

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L + M Development PartnersMuseumsTaconic Investment Partners