The grants include:
• $160,000 over two years from the New York-based Surdna Foundation to support Artspace's live/work development efforts in partnership with local organizations in economically depressed areas;
• $100,000 from the Andy Warhol Foundation for the Visual Arts, also based in New York, to help Artspace identify and develop a new artist live/work project in that city; and
• $50,000 from the Washington, D.C.-based Fannie Mae Foundation for general operating support.
The grants will help the organization to find new opportunities to help artists and to fund the exploratory that must be done for each proposed project, which is a major challenge of nonprofit real estate development.
Since entering the development field in the late 1980s, Artspace has completed 12 projects--three each in Minneapolis and Saint Paul, and one each in Chicago; Duluth, MN; Galveston, TX; Pittsburgh; Portland, OR; and Reno, NV.
The organization currently has projects under construction in Seattle; Bridgeport, CT; and Fergus Falls, MN. Artspace also has projects in predevelopment in Minneapolis; Houston; Fort Lauderdale, FL.; Jackson, MI.; Ajo, AZ; and Prince George's County, MD. Its real estate portfolio is valued at more than $100 million.
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