Grow Therapy Signs 78K-SF Office Lease at Essex Crossing

An office lease representing expanded access to mental health care caught the attention of Gov. Kathy Hochul on Wednesday.

Grow Therapy, a mental health platform offering in-person and online therapy, has signed another New York City office lease — its second in only a year — for more than 78,000 square feet at 145 Delancey Street within Essex Crossing, according to an announcement from the governor’s office. Grow Therapy plans to invest $15 million in the space and create 123 new jobs.

The landlords — a joint venture involving Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group and Goldman Sachs Urban Investment Group — did not immediately provide the asking rent, the length of the lease or the names of brokers in the deal.

The average office asking rent for Lower Manhattan was $62.40 per square foot in the third quarter of 2026, according to a report from CBRE.

“Grow Therapy’s decision to deepen its roots here reflects the strength of our talent and innovation economy, and we are proud to support a company using technology to expand access to mental health care while creating new opportunities for New Yorkers,” Hochul said in a statement.

In early November 2025, Grow Therapy signed a lease for 19,000 square feet at Northwood Investors’ 100 Broadway, which gave the telehealth service the space to hire 186 new employees focusing mainly on technology, operations and marketing.

“When I joined Grow this year, the momentum was already underway,” Grow Therapy Chief Financial Officer Seth Bressack said in a statement. “Sustaining it is our top priority, and New York is our center of gravity: What we build in this city reaches everyone we serve in all 50 states. The talent is here, the clients are here, and now more of the jobs will be too.”

The firm is expanding with the $1.4 million backing of the Empire State Development’s Excelsior Jobs Program tax credits.

Mark Hallum can be reached at mhallum@commercialobserver.com.