The Blue School, the $29,820-a-year primary school founded by none other than the Blue Man Group, has finally secured a permanent home at 241 Water Street, in lower Manhattan.
It purchased the space from the Seaman’s Church Institute for $15.1 million, according to city records. That is a pretty price considering that CB Richard Ellis broker Edward Midgley previously told The New York Times he hoped it would fetch $13 million.
Both parties struck out on previous deals: The institute was hoping to lure a hedge fund manager with the property’s yacht parking spot and the school was looking at other 60,000-square-foot spaces closer to its current East Village home that would allow it to expand into the 8th grade. Instead, the colorful clan settled on the 33,168-square-foot building.
Now, the school, which builds rainforests in the classroom and has black light-laden “glow time” as part of the curriculum, will continue its ascent up the ladder of expensive, trendy, progressive schools–exactly what greatest-among-equals founder Matt Goldman would have wanted.
mcoyne@observer.com
