City launches Greenwich Village charter school
May 9, 2008
The 560-seat elementary school will occupy the first six floors of the New York Foundling’s headquarters; New York Foundling will maintain offices on the upper floors.
Mayor Michael Bloomberg and Schools Chancellor Joel Klein on Friday announced an agreement to transform New York Foundling’s Greenwich Village headquarters into a 560-seat elementary school to serve families in District Two, one of the most overcrowded school districts in the city.
Through a public-private partnership between The New York Foundling Charitable Corp., Rudin Management Co. and the School Construction Authority, the new school will occupy the first six floors of the building and New York Foundling will maintain offices on the upper floors. Other parts of the building will likely be converted to condos.
New York Foundling is working with Rudin, which is also overseeing the development of St. Vincent’s hospital nearby and worked on the development proposal for the new school.
“The partnership with New York Foundling and the Rudin Family builds on our successful efforts to create new schools and add seats in overcrowded areas across the city like lower Manhattan,” said Mr. Bloomberg.
New York Foundling, which began as a home for abandoned children and now helps needy families, will use undisclosed proceeds from the sale of the space to build its pediatric center a new home in Yonkers.
Additional funds will go towards helping reduce caseloads of social workers in the foster care system and serve as a down payment for the construction of New York Foundling’s new charter school in the Bronx.
The handshake deal, which is still subject to final negotiation about how the space is used, is expected to be signed in the coming weeks when the price the city has to pay and the design details are worked out, according to a spokesperson in the mayor’s office.
Renovation is expected to begin on the property in 2012. It takes more time to develop schools through partnerships because of the mixed use of the space, the spokesperson said.
Source: Crains
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