OPEN Impact Real Estate and JLL have been selected to oversee leasing and marketing at the historic BankNote Building in the Bronx. The approximately 405,000-square-foot property has developed from an industrial landmark into a major workplace destination for nonprofit groups, educational institutions, government agencies and other organizations serving New Yorkers.
Key takeaways
The new assignment brings together a real estate firm focused on impact-oriented properties and a JLL executive to guide the building’s next phase. The effort will focus on leasing and marketing a large, distinctive property with an established presence among mission-driven organizations.
- OPEN Impact and JLL will lead leasing and marketing at the BankNote Building.
- The assignment will be led by OPEN co-founder Stephen Powers and JLL Vice Chairman Mitchell L. Konsker.
- The property spans approximately 405,000 square feet and is located in the Bronx.
A new leasing and marketing team
OPEN Impact Real Estate and JLL have been retained to shape the property’s leasing and marketing strategy. Powers and Konsker will lead the work, bringing together OPEN’s focus on impact-oriented real estate and JLL’s commercial real estate expertise. The announcement did not detail specific leasing targets or a timeline for the assignment.
From industrial landmark to community hub
The BankNote Building’s role has changed over time. Once known as an industrial landmark, it has become one of the Bronx’s largest hubs for nonprofits, public agencies, educational organizations and other mission-driven enterprises. Its scale, character and infrastructure are central to its appeal, according to Powers.
Powers described the building as more than a real estate asset, highlighting the opportunity for organizations serving New Yorkers to work in proximity and strengthen their collective impact. The leasing team’s task is to build on that identity as it plans the property’s next chapter.
What the assignment signals
The selection reflects continued attention to workplaces that can serve organizations with public and community-focused missions. The BankNote Building’s size and existing mix of tenants make it a notable Bronx property, while the new team’s marketing effort will help define how it attracts organizations in the years ahead.