Leases  ·  Retail

German Immersion School Nabs Tribeca Space That Formerly Housed Music Institute [Update]

reprints


A new private international school offering bilingual education for kindergarteners through fifth graders, German School Manhattan, is opening in Tribeca in space previously occupied by Church Street School for Music and Art, Commercial Observer has learned.

The new school—slated to open in September—will occupy 4,000 square feet at grade and 6,000 square feet below grade at Mark Jaffe‘s 74 Warren Street between West Broadway and Greenwich Street, according to CompassDavid Graff, who along with Jake Velazquez and Rachel Rainaldi, represented the landlord. The lease is for 10 years with a blended asking rent of $60 per square foot, Graff said.

SEE ALSO: Feds to Vacate Historic D.C. Building in Bid to Reduce Real Estate Footprint

Having a school take the space made sense, as it “definitely has good bones to it,” Graff said.

German School Manhattan is partnering with German School Brooklyn, which opened at 17 Eastern Parkway in Prospect Heights for students between kindergarten and fifth grade, according to German School Manhattan’s broker, Gavin Hammon of Compass.

“They will have a close cooperation with GSB,” Hammon emailed. “The same educational program and with the goal to have a shared middle and high school.”

The five-story mixed-use building at 74 Warren Street is comprised of a 1,400-square-foot retail space on the ground floor that Wicked Juice and Kitchen had been in (now vacant), a fifth-floor office unit that Bouley Test Kitchen had occupied (now vacant) and the rest is residential rental units.

As CO reported in January, facing an untenable monthly rent at 74 Warren Street, Church Street School for Music and Art found new 6,333-square-foot digs at 41 White Street between Church Street and Broadway.

Updated: This story has been edited to reflect that German School Manhattan and German School Brooklyn are distinct companies.