80 Maiden Lane/ Image credit: PropertyShark, photo taken by Christopher Bride

NEW YORK CITY—Quad Preparatory School is expanding. The college prep school for gifted children with learning disabilities is moving its middle and high school into 50,000 square feet at AM Property Holding Corporation and Normandy Real Estate Partners' 80 Maiden Lane. The school plans to open at the new location in September 2019. The building's asking rents range from $55 to $62 per square foot.

Although the space met the school's needs, there was hesitation about bringing it into an office building. However, AM Property agreed to convert the building's entrance at the back side at 19 Cedar St. to a dedicated entrance for the school. With its own elevator and stairway, the school will separate the students from the office tenants.

The landlord will also build out the school's space on the ground, fifth and sixth floors. Renovations to the building originally constructed in 1912 will include adding modern classrooms, laboratories for chemistry, biology, engineering and physics, a performance space, a kitchen classroom and an inventive design and creation space.