Zeta Charter Schools Scoops 65k Sf For New Elementary School
Zeta Charter Schools is leasing 65,000 square feet in the Bronx for its new elementary school called Zeta Bronx Tremont Park Elementary.
NEW YORK CITY- Zeta Charter Schools has announced it is leasing 65,000 square feet at 1910 Arthur Ave. in the Bronx for its new elementary school called Zeta Bronx Tremont Park Elementary. The pre-K through fifth grade school is scheduled to open August 2021 for the 2021-2022 academic year. Transwestern Real Estate Services represented Zeta Charter Schools in the transaction.
Utilizing the organizations tax-exempt status, the Zeta Charter School commitment was structured as a leasehold condominium deal between the building owners of the Joyland Group, who was represented internally.
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Transwestern Brokers Deal For Zeta Charter Schools To Open Second New School In The Bronx
4/16/20
Transwestern Brokers 65,000 SF Deal After Conducting Comprehensive Site Search
Transwestern Real Estate Services announces it represented Zeta Charter Schools in a 65,000-square-foot deal for a new elementary school at 1910 Arthur Ave. in the Bronx. Called Zeta Bronx Tremont Park Elementary, the school is scheduled to open August 2021 for the 2021-2022 academic year and will ultimately serve students in pre-K through fifth grade.
Transwestern Partners Lindsay Ornstein and Stephen Powers and Vice President Thomas Hines provided Occupier Solutions services for Zeta Charter Schools. Transwestern also represented the school in its 98,000-square-foot deal at 425 Westchester Ave. in the South Bronx for Zeta Bronx 1, which is also expected to open for the 2021-2022 academic year.
We are thrilled to have found a home in Bronx Community School District 12, where there is incredible need and demand for high-quality charter seats, said Emily A. Kim, CEO of Zeta Charter Schools. This building will enable Zeta to provide a world class, next-generation charter school to hundreds of children in Central Bronx. The current COVID-19 crisis presents a challenging time for all of us, and especially underserved families in the Bronx. We feel deeply grateful for this incredible opportunity to serve even more families and provide students in the Bronx with a high-quality school that they deserve.
About Transwestern Real Estate Services
About Zeta Charter Schools
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From Methadone Clinic To World
Zeta opens schools in areas of NYC that are severely under-resourced and where public schools are failing children. Our five schools are located in the Bronx and Upper Manhattan. This school year, Zeta opened two new schools in areas of great need â Zeta Bronx Mount Eden and Zeta Bronx Tremont Park.
Zeta Bronx Tremont Park is located in Central Bronx in the poorest Congressional district in the nation. Zeta Bronx Mount Eden, located in South Bronx, is in one of the lowest performing community school districts in NYC.
Zeta Charter School Signs 65000 Sf Lease In The Bronx
John Jordan | April 16, 2020
NEW YORKZeta Charter Schools has signed a 65,000-square-foot lease deal for a new elementary school at 1910 Arthur Ave. in the Bronx.
Transwestern Partners Lindsay Ornstein and Stephen Powers and Vice President Thomas Hines provided occupier solutions services for Zeta Charter Schools. Transwestern also represented the school last year in its 98,000-square-foot deal at 425 Westchester Ave. in the South Bronx for Zeta Bronx 1, which is also expected to open for the 2021-2022 academic year.
We are thrilled to have found a home in Bronx Community School District 12, where there is incredible need and demand for high-quality charter seats, says Emily A. Kim, CEO of Zeta Charter Schools. This building will enable Zeta to provide a world class, next-generation charter school to hundreds of children in Central Bronx.
She adds, The current COVID-19 crisis presents a challenging time for all of us, and especially underserved families in the Bronx. We feel deeply grateful for this incredible opportunity to serve even more families and provide students in the Bronx with a high-quality school that they deserve.
After a nearly year-long site search, the Zeta Charter Schools and Transwestern team chose 1910 Arthur Ave. for its central location, proximity to public transportation and ability to accommodate a phased-in occupancy strategy as Zeta Bronx Tremont Park Elementary grows.
John Jordan
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Zeta Deploys A Scalable Capital
Zeta maximally leverages New Yorkâs facilities funding to build permanent, private facilities for our schools with minimal up-front capital. Low up-front capital is critical in a schoolâs early years, when startup costs are high relative to available public facilities funding.
We partner with landlord-developers who seek anchor tenants in prospective mixed-use projects, and who are willing to build schools to our world-class specifications.
Using this innovative strategy, Zeta has closed five private facilities deals since its founding in 2017, four during the height of the COVID-19 pandemic crisis. Two of these facilities have already opened for the 2021-22 school year: Zeta Bronx Tremont Park and Zeta Bronx Mount Eden.
Transwestern Brokers Leasehold For New Bronx Charter School
Transwestern Real Estate Services represented Zeta Charter Schools in a 65,000 s/f deal for a new elementary school at 1910 Arthur Ave. in the Bronx.
Transwestern Partners Lindsay Ornstein and Stephen Powers and Vice President Thomas Hines provided Occupier Solutions services for Zeta Charter Schools.
Transwestern also represented the school in its 98,000 s/f deal at 425 Westchester Ave. in the South Bronx for Zeta Bronx 1, which is also expected to open for the 2021-2022 academic year.
We are thrilled to have found a home in Bronx Community School District 12, where there is incredible need and demand for high-quality charter seats, said Emily A. Kim, CEO of Zeta Charter Schools.
This building will enable Zeta to provide a world class, next-generation charter school to hundreds of children in Central Bronx. The current COVID-19 crisis presents a challenging time for all of us, and especially underserved families in the Bronx. We feel deeply grateful for this incredible opportunity to serve even more families and provide students in the Bronx with a high-quality school that they deserve.
After a nearly year-long site search, the Zeta Charter Schools and Transwestern team chose 1910 Arthur Ave. for its central location, proximity to public transportation and ability to accommodate a phased-in occupancy strategy as Zeta Bronx Tremont Park Elementary grows.
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Zeta Bronx Tremont Park Elementary School
Zeta Bronx Tremont Park Elementary School is a public schoolin Bronx, New York that is part of New York State Department Education.It serves 200 students in K – 1.
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Contact Zeta Bronx Tremont Park Elementary SchoolContact info is sourced from the National Center for Education Statistics annual survey process, so apologies if it’s out of date!
- 1910 Arthur Ave
Adequate Space In Nyc Is A Massive Obstacle To Scaling Excellent Schools
For years, charter schools largely pursued a co-location strategy, sharing space in traditional public school buildings. Access to such facilities are subject to political winds, and subjects charter schools to many of the arcane rules and practices of an educational system that has condemned the cityâs most vulnerable children to educational failure.
But scalable access to private facilities is incredibly challenging due to skyrocketing real estate costs and the need for substantial capital funding.
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