Grow Therapy Leases 78,000 Square Feet in Manhattan

The mental health platform signed its second New York City office lease within a year, at Essex Crossing.

Updated on Nov. 4, 2026 in Remote Work

Bold flat-color editorial illustration of a red-brick mid-rise office building facade with rows of tall windows against a cream sky. — Grow Therapy signed a lease for more than 78,000 square feet at 145 Delancey Street in Essex Crossing, its second New York City office deal in a year. AI Illustration. Upload story photo >

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Grow Therapy signed a lease for more than 78,000 square feet at 145 Delancey Street within Essex Crossing, according to the governor's office. The lease is the company's second New York City office deal in one year.

Why it matters

The expansion adds office space for a telehealth-and-in-person mental health provider in New York City, where the firm is also growing its workforce. Its planned hiring is supported by state tax-credit backing.

The 145 Delancey lease covers more than 78,000 square feet, with Grow Therapy planning a $15 million investment and 123 new jobs. The rent and lease term were not immediately provided, so the lease cost relative to the $62.40 per square foot Lower Manhattan average remains unknown.

The players

Grow Therapy

Grow Therapy is a mental health platform offering in-person and online therapy services across New York City.

Empire State Development

Empire State Development is New York State's economic development agency, which administers the Excelsior Jobs Program tax credits.

The details

Grow Therapy, a mental health platform offering in-person and online therapy, signed the lease at 145 Delancey Street within Essex Crossing. The landlords are a joint venture involving Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group and Goldman Sachs Urban Investment Group.

Early November 2025: Grow Therapy signed a 19,000 square foot lease at 100 Broadway.
Third quarter 2026: Lower Manhattan average office asking rent reached $62.40 per square foot.
Wednesday, November 4, 2026: The governor's office announced the 145 Delancey Street lease.

Market Landscape

Grow Therapy's expansion draws on the state's Excelsior Jobs Program, which offers tax credits to firms that create jobs in New York. The lease is also a second Manhattan office commitment within a year, consistent with firms reassessing space as hybrid work reshapes office demand.

The 123 planned jobs would add roles in New York City that the firm will fill as it occupies the Delancey Street space. Job seekers interested in mental health or telehealth roles in Manhattan may find new openings tied to this hiring.

The takeaway

Companies expanding in Manhattan are weighing large leases against hybrid work trends, and state incentives can tip hiring decisions. Readers tracking office demand should watch whether similar deals continue in Lower Manhattan.