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

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
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Churchill Real Estate's Justin Ehrlich and 381 Broadway (Google Maps)

Two-year Tribeca foreclosure saga continues with lawsuit over $20M

Two-year Tribeca foreclosure saga continues with lawsuit over $20M
Adam America's Omri Sachs and Dvir Cohen with 2503-2509 Broadway (Google Maps; Adam America)

Adam America secures $63M in financing for Upper West Side project

Adam America secures $63M in financing for Upper West Side project
Convene CEO Ryan Simonetti (Convene)

Convene closes Manhattan locations as corporate events fail to return

Convene closes Manhattan locations as corporate events fail to return
New York City District Council of Carpenters’s Monitor Glen McGorty (iStock; LinkedIn)

NYC carpenters union changes how it roots out mob ties

NYC carpenters union changes how it roots out mob ties
The Economic Innovation Group identified 145 real estate investments in Opportunity Zones (iStock)

Real estate deals dominate Opportunity Zones. Is that bad?

Real estate deals dominate Opportunity Zones. Is that bad?
11 Penn Plaza and Apple CEO Tim Cook (VNO; Getty)

Apple snags more space at Vornado’s 11 Penn Plaza

Apple snags more space at Vornado’s 11 Penn Plaza
Amazon's Jeff Bezos, Google's Sundar Pichai and Facebook's Mark Zuckerberg (Getty, iStock)

Tech giants occupy nearly 600M-sf of US real estate

Tech giants occupy nearly 600M-sf of US real estate
arrow_forward_ios

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

Loading...