Quad Prep to Add High School in Expanded Downtown Campus
By Chava Gourarie April 5, 2019 3:50 pm
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Quad Preparatory School, a school that caters to gifted children with learning differences, has scored a 50,000-square-foot space to expand its Downtown campus.
Quad Prep, which opened in 2014, has a 39,000-square-foot space at 25 Pine Street, which houses its K through eighth-grade program, and was looking to add a high school for its growing student body.
The new space, at 80 Maiden Lane, is just around the corner from the school’s existing space. The landlords, A.M. Property Holding Corporation and Normandy Real Estate Partners, agreed to dedicate a separate entrance for the school, which will have an address of 19 Cedar Street. The school will also have its own elevator and lobby, and will occupy the ground, fifth and sixth floors.
A Savills team of Marc Shapses, Roi Shleifer and Seth Wasserman worked with Quad Prep on its original location, as well as the new high school. “It’s incredibly rare to find available school space, especially an office market like Lower Manhattan,” Shapses said in a prepared statement. “Most landlords don’t want children using the same lobbies and elevators as their office tenants.”
The school will include classrooms, three laboratories, a performance space, and a maker-space project room.
Asking rents in the building range from $55 to $62 per square foot, as The New York Post first reported.
Paul Amrich, Neil King, Rob Wizenberg and Michael Rizzo of CBRE (CBRE) represented the building’s ownership, a CBRE spokeswoman confirmed.
