North Park Main Street has vacated its office space at 3076 University Avenue in North Park and moved to new offices in the Iowa Street Seniors apartment building at 3939 Iowa Street.
San Diego Housing Federation is also located on the ground floor there. The 120-unit low-income apartment project was developed by San Diego Interfaith Housing Foundation.
According to Angela Landsberg, executive director of North Park Main Street (a business improvement district), “The new office is designed to accommodate staff and space needed for our public meetings, which have become much more well attended as the district continues to grow.”
Though the new space is only 100 square feet larger (1200 vs. 1100), the Iowa Street office will be a little more expensive: $2677.50 per month, instead of $2200. That won’t be a problem, Landsberg stressed. “The additional cost is being covered by the increase in revenue from our North Park Thursday Market, which has seen a 50 percent increase on average for weekly income to the organization,” she said.
The nonprofit had extended its lease to December 2017, but the landlord allowed them out of their lease with no penalty. “We worked out a great replacement tenant,” said Landsberg. The new (unidentified) tenant will move in upon completion of space renovations.
According to its fiscal year 2016 audit report, North Park Main Street had “total assets” of $163,168, an increase over 2015 ($137,554). Its total fiscal-year revenue was $539,310, vs $518,610 in 2015.