School backs out of 100 Church Street deal

Claremont Prep
had planned to open a 200,000-square-foot middle and high school at the
Sapir Organization’s 100 Church Street, but sources say the deal fell
through. A source told Downtown Express that there was a problem with
the school’s planned rooftop addition; Claremont wanted to build a 23rd
floor on top of the building for a semi-enclosed outdoor space. Asking
rent at 100 Church was $40 a square foot, and the entire school project was
slated to cost about $30 million, the school said in March. The
Observer reported this week that the school was looking at space in 25
Broadway.

Sign Up for the undefined Newsletter