The Blue Man Group’s school is opening a new 45K sf school in the Seaport

School will serve students in fourth through eighth grade at 156 William Street

TRD New York /
Sep.September 11, 2018 07:00 AM

The Blue School at 241 Water Street and Tobias Fünke from Arrested Development (Credit: The Blue School and Rockwell Group)

The Blue Man Group’s school is expanding into another building in the Seaport.

The Downtown Manhattan school founded by the Blue Man Group has opened a new location at a building it purchased space in years ago from Billy Macklowe.

The building is just blocks away from the school’s other building at 241 Water Street, which will now only serve students in its pre-primary through third grade programs, according to the school.

The independent institution known as Blue School was founded by six artists and academics, including the three founders of Blue Man Group. It serves roughly 300 students between ages two and 14, and the expansion will allow it to double its student body over the next decade.

Blue School purchased two commercial condo units on the second and third floors at 156 William Street from Billy Macklowe for $27.2 million at the end of 2015. Macklowe sold a majority stake in the building to LaSalle Investment Management for about $55 million the next day.

The Rockwell Group designed the new building, and the extra space spans 45,000 square feet across four floors. Amenities include a library, a lab and art room, and a gym and auditorium spanning 1,600 square feet.

The founders of the Blue Man Group bought 241 Water Street in 2010 for an undisclosed amount, but they sold it late last year to the Swiss firm Clermont Consultants for $17.6 million. However, the school will remain in the building, as it holds a lease for it running until 2060.


Related Articles

arrow_forward_ios
An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

arrow_forward_ios