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Schools Operator Takes 200,000 SF Downtown

NEW YORK CITY-Claremont Prep School has signed a 20-year lease in the Cunard Lines Building at 25 Broadway.

By Cody Lyon | Updated on July 23, 2009

NEW YORK CITY-Come 2010, school bells will ring at the head of the Bowling Green in Lower Manhattan, more specifically at the Cunard Lines Building located at 25 Broadway. Claremont Prep School has signed a 20-year lease with a 10-year renewal option for 203,000 square feet of space that will house Claremont Children’s School, an elementary school as well as a new high school. The deal is reportedly one of the largest this year for Downtown Manhattan.

Students will also be heading to class right across the street at 26 Broadway in the iconic building that once housed the offices of John D. Rockefeller, where the Alliance for Downtown New York says the city’s Department of Education has signed two 200,000-square-foot leases of its own.

“I’d say there’s a proliferation of schools in Lower Manhattan,” says Liz Berger, president of Downtown Alliance. She adds this is just the next generation of residential supporting commercial, pointing out ongoing construction of the Spruce Street school in the Ratner building and the Green School at site 2-B.

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