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

Project at 100 Claremont Avenue would stand 42 stories tall

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
From left: 80 Columbus Circle with Robert Stiller and 737 Park Avenue with Hamad bin Khalifa Al Thani (Photos via Google Maps, Agnovos, State of Qatar, Godsfriendchuck/Wikimedia)
Mandarin Oriental, 737 Park units sell at substantial losses
Mandarin Oriental, 737 Park units sell at substantial losses
The New York Life Sciences and Biotechnology Center at First Avenue and 41st Street (NY Life Sciences)
Life sciences leasing breaks annual record in five months
Life sciences leasing breaks annual record in five months
Steve Cohen and 151 East 158th Street (Getty, Google Maps)
Steve Cohen’s $30M condo sells above asking — after a 74% cut
Steve Cohen’s $30M condo sells above asking — after a 74% cut
Nicole Oge, Casa Blanca founders Hannah Bomze and Erez Zaurer (Getty, Casa Blanca)
Former Elliman, WeWork marketing chief joins “Bumble for homes” startup
Former Elliman, WeWork marketing chief joins “Bumble for homes” startup
470 Broome Street  and Rayo Withanage (Photos via Saltzman Architects, P.C. and Withanage)
From Picasso’s estate to squatting in Soho: The 470 Broome Street affair
From Picasso’s estate to squatting in Soho: The 470 Broome Street affair
Tenants are singing longer leases to lock in low rent. (Getty)
Tenants locking in longer leases as apartment rents rise
Tenants locking in longer leases as apartment rents rise
Last year more people relocated to ZIP codes with lower home values and more space. (Getty)
Long-distance movers found cheaper and larger homes in 2020
Long-distance movers found cheaper and larger homes in 2020
Federal Reserve Chair Jerome Powell (Getty)
Traders eye Fed pullback on mortgage bonds
Traders eye Fed pullback on mortgage bonds
arrow_forward_ios

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

Loading...