Trading spaces: Touro turns office space into new dorm

College is taking 67K sf at Silverstein and Elad's One West End

New York /
Jan.January 09, 2018 09:05 AM

One West End

Touro College has scooped up a condo unit at Silverstein Properties and the Elad Group’s One West End.

The estimated price of the 67,000-square-foot unit is just below $70 million, the New York Post reported. The unit, which is located in the low-rise portion of the mixed-use tower at 625 West 59th Street, will serve as a dormitory for Touro’s Lander College for Women students.

Cushman & Wakefield’s Mark Weiss represented the developers. Richard Bernstein, also of Cushman, represented Touro. Weiss called the deal “an innovative re-invention of the space,” since the unit had originally been intended for office use.

The 42-story Upper West Side tower features 246 luxury condos, 116 affordable rental units and retail space. More than 75 percent of the residential units have been sold, according to Silverstein.

In December, supermarket chain Morton Williams inked a lease for 29,400 square feet of space on the project’s ground floor and lower level. [NYP] — Kathryn Brenzel


Related Articles

arrow_forward_ios
26 Bank Street and Connie Milstein (Google Maps)
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
(iStock)
Drop in home refinancing crimps mortgage firms’ profits
Drop in home refinancing crimps mortgage firms’ profits
Douglas Elliman's Scott Durkin and Connie Mui-Reilly (Douglas Elliman, iStock)
Elliman launches portal to streamline agent resources
Elliman launches portal to streamline agent resources
WATCH: How viral videos helped build this real estate agent’s business
WATCH: How viral videos helped build this real estate agent’s business
WATCH: How viral videos helped build this real estate agent’s business
The reopening of NYC has created a surge of demand for apartments. (Getty)
Reopening sparks signs of a real estate rush
Reopening sparks signs of a real estate rush
The Montana property with director Robert Redford and star Brad Pitt. (Getty, Swan Land Company)
“A River Runs Through It” Montana ranch lists for $136M
“A River Runs Through It” Montana ranch lists for $136M
From left: 944 Fifth Avenue, 67-69 East 93rd Street and 15 East 88th Street (Google Maps)
Three Manhattan sellers aim high asking $25M+ for luxury pads
Three Manhattan sellers aim high asking $25M+ for luxury pads
Cushman & Wakefield CEO Brett White (Cushman)
Cushman eyeing M&A opportunities post-pandemic
Cushman eyeing M&A opportunities post-pandemic
arrow_forward_ios

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

Loading...