Artspace’s mission is to create, foster, and preserve affordable space for artists and arts organizations
Development projects, which typically involve the adaptive reuse of older buildings but can also involve new construction, are the most visible of Artspace’s activities. To date, we have completed more than 33 major projects. A dozen more are under construction or in the development pipeline. Artspace live/work projects are operating from coast to coast.
Artspace owns or co-owns all the buildings it develops; our portfolio now comprises more than $500 million worth of real property. We strive to manage our properties so that they will be well-maintained yet remain affordable to the low- and moderate-income artists for whom they were developed in the first place. Revenues in excess of expenses are set aside for preventive maintenance, commons area improvements, and building upgrades.
In addition to its roles as developer, owner, and manager, Artspace acts as a consultant to communities, organizations, and individuals seeking information and advice about developing affordable housing and work space for artists, performing arts centers, and cultural districts, often within the context of historic preservation.