Lendlease, L+M bringing 175-unit mixed-use project to seminary site

Project at 100 Claremont Avenue would stand 42 stories tall

TRD New York /
Dec.December 28, 2018 01:15 PM

The Union Theological Seminary and Lendlease’s Melissa Burch (Credit: Robert A.M. Stern Architects and Getty Images)

Morningside Heights — already home to Columbia University’s growing campus — is getting another large mixed-use building.

Construction giant Lendlease filed plans for its 42-story mixed-use project at the Union Theological Seminary’s 100 Claremont Avenue with the Department of Buildings on Friday. It will span about 350,000 square feet overall, including about 250,000 square feet of residential space and 25,000 square feet of community space. The project will house 175 residential units.

Lendlease and its partner L+M purchased air rights from the seminary to construct the property. The seminary will buy space in the building for offices, classrooms and faculty housing, and the rest of the project will be private market-rate condos.

The property stretches between West 120th and West 122nd Streets. Robert A.M. Stern Architects will design the building.

The project is part of a $125 million renovation effort at the seminary, which has worked to leverage its real estate to raise money to revitalize the campus. The seminary plans to launch the first phase of renovations over the summer.

Representatives from Lendlease did not immediately respond to requests for comment.

In October, the seminary sold a dorm at 97-101 Claremont Avenue to Riverside Church for $46.5 million. As a part of that deal, the seminary will lease back the property for five years.

Nearby, Atlas Capital Group recently purchased a residential building at 601 West 110th Street from hotelier Richard Born for $72.2 million. The residential building serves as a dorm for Barnard College and also houses private tenants.


Related Articles

arrow_forward_ios
Marwan Kheireddine (inset), Jennifer Lawrence and 400 East 67th Street (Getty, Compass, BDL Accelerate)

Jennifer Lawrence’s Upper East Side PH sold at 37% loss

Jennifer Lawrence’s Upper East Side PH sold at 37% loss
Senate Minority Leader Chuck Schumer and Senate Majority Leader Mitch McConnell (Schumer by Tasos Katopodis/Getty Images; McConnell by Ting Shen/Xinhua via Getty)

Schumer v. McConnell on SALT: Who’s gonna give?

Schumer v. McConnell on SALT: Who’s gonna give?
111 Leroy Street and 817 Fifth Avenue (StreetEasy, Google Maps)

Luxury deals plummet in Manhattan — again

Luxury deals plummet in Manhattan — again
From left: Jared Kushner, 715 Park Avenue, Deutsche Bank CEO Christian Sewing, and Rosemary Vrablic (Credits: Kushner by BRENDAN SMIALOWSKI/AFP via Getty Images; 715 Park via Google Maps; Sewing by by Thomas Lohnes/Getty Images; Vrablic by PAUL LAURIE/Patrick McMullan via Getty Images)

Apartment sale to banker for Trump and Kushner probed

Apartment sale to banker for Trump and Kushner probed
Maison Kayser (Photo via Tools of Men via Flickr)

Maison Kayser may bid New York adieu

Maison Kayser may bid New York adieu
Renderings of 17 Jane Street and Edward J. Minskoff (Renderings via Kristen Krajewski; Minksoff by Patrick McMullan/Patrick McMullan via Getty Images)

Minskoff sells first condo in West Village project for $22M

Minskoff sells first condo in West Village project for $22M
Central Park South saw its median sales price for condos nosedive to $1.5 million (iStock, photo by Gary Hershorn/Getty Images)

Here’s where Covid hit Manhattan condo market hardest

Here’s where Covid hit Manhattan condo market hardest
Newmark’s Brian Waterman with 7 Hanover Square (Google Maps, Twitter)

Newmark nabs REBNY prize for deal with NYC Health + Hospitals

Newmark nabs REBNY prize for deal with NYC Health + Hospitals
arrow_forward_ios

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

Loading...