Nonprofit sells off UES school, arousing community’s ire

New York /
Feb.February 04, 2014 04:10 PM

Nonprofit organization the Children’s Aid Society is selling the Rhinelander Children’s Center to fund new construction for a charter school in the Tremont section of the Bronx.

The 350 East 88th Street Rinelander Center’s price tag is about $20 million, and the proceeds from the sale will go towards the purchase and overhaul of an abandoned Freeman Street theater in Tremont that will serve as a modern school and community center for the Children’s Aid College Prep Charter School. The estimated cost for the project is $30 million.

The move feeds into the nonprofit’s goal to help children in the city’s neediest areas, which it has identified as Washington Heights, Harlem, East Harlem, northern Staten Island and the South Bronx. But it has sparked the ire of those affiliated with the Rhinelander Center, who lament the loss of a “affordable” preschool and after-school program in the pricey Upper East Side.

“I understand they need to do what they need to do, but on a personal level, it’s so frustrating being a parent of young children in Manhattan,” Cindy Lee, a parent whose son had been enrolled in classes at Rhinelander, told the New York Times.

The situation mirrors the $33 million sale of a former children’s and adolescents’ program site at 209-219 Sullivan Street in Greenwich Village in 2011. The property is now set for conversion into 25 luxury condominiums. [NYT]Julie Strickland


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Council member Kalman Yeger and Council member Robert Cornegy (Getty, New York City Council)
City Council eyes bringing back tax break for property owners
City Council eyes bringing back tax break for property owners
The 17 Jane Street duplex condo (Compass)
Manhattan luxury market logs best Thanksgiving week ever
Manhattan luxury market logs best Thanksgiving week ever
Secratary of the Treasury Janet Yellen (Getty, iStock)
Treasury Department to ease rent relief backlogs with reallocations
Treasury Department to ease rent relief backlogs with reallocations
277 Fifth Avenue and Shokai Group's Shawn Xianyang Zhang (277 Fifth Avenue/Rafael Viñoly, Shokai Group)
Shokai Group picks up unsold NoMad condos for $81M
Shokai Group picks up unsold NoMad condos for $81M
Traffic was up 47.5 percent from last year, when coronavirus restrictions and concerns were more rampant. (iStock, Getty)
Black Friday retail traffic stuck below pre-pandemic levels
Black Friday retail traffic stuck below pre-pandemic levels
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...