Close Stay up-to-date with
Observer.com Newsletters
Sign up for Observer Newsletters!
RSS Feed
The New York Observer

Manhattan Community College Takes Space Near Terrorist-Damaged Fiterman Hall

View Story On One Page View Story On One Page Print This Story Print This Story Share This Story Share This Story
October 7, 2008 | 6:44 p.m
<br /> (Property Shark)
Property Shark

The Indiana limestone-encrusted Cunard Building at 25 Broadway, which the city calls one of “lower Manhattan’s most architecturally and historically significant edifices” in its landmark designation report, has a new tenant.

The Borough of Manhattan Community College has signed a lease for the more than 40,000 square feet on the eighth floor in the 22-story confection, built by the Cunard Steamship Line for its headquarters in 1921 on what was once known as Steamship Row.

BMCC, one of the lesser-known Sept. 11 victims, could certainly use the space. In 1993, Miles and Shirley Fiterman donated a 15-floor, 375,000-square-foot office building at 30 West Broadway to the school, perhaps the largest private donation ever made to a community college in the United States at the time. By Sept. 11, 2001, when the original 7 World Trade Center’s collapse irreparably damaged the building, the school had nearly completed renovations on its 42 classrooms.

Since that day, the school, one of 23 within CUNY, has grown from 17,000 to 22,000 students, yet has been struggling to figure out how to allocate space, according to Sunil Gupta, BMCC’s dean of continuing education and workforce development.

“It’s been a very tough situation,” he said. The school has a main campus at 199 Chambers, and a number of other satellite campuses throughout the city.

The space at 25 Broadway will house the Center for Continuing Education and Workforce Development, which serves more than 11,000 students. Its former home, at 70 Murray Street, will remain in the BMCC portfolio.

“We’ll still be short of space,” Mr. Gupta said.

CB Richard Ellis negotiated the lease on behalf of both the college and landlord, 25 Broadway Realty LLC. According to CoStar, asking rents are about $40 a square foot.

Meanwhile, just a handful of blocks west, the shell of Fiterman Hall remains. “It’s kind of an eyesore,” Mr. Gupta said

drubinstein@observer.com

Post a Comment The Discussion

Thank you for the information

www.observer.com is very informative. The article is very professionally written. I enjoy reading www.observer.com every day. I was looking for the for the following services bad credit loans canada payday loans canadian payday loans cash advance loans faxless payday loans loans online payday loan online payday loans online payday loans canada payday payday advance payday loan payday loans pay day loans payday loans canada payday loans in canada payday loans online
same day loans
and discovered that payday loans can help in times when your credit sucks, but you urgently need cash.

Post a Comment
Not a registered user? Register here.
Don't have an Observer.com account? You can use your Facebook account instead.