An East Harlem recreational facility has received an infusion of support from a West Side school.
The Dwight School at 291 Central Park West has signed a 20-year lease with 1199 Housing Corporation, the owner of the East River Landing cooperative, a Mitchell-Lama complex located at First Avenue between 108th and 110th streets.
Artist renderings of the Dwight School’s tennis courts and pool at 2116 First Ave.
Photo: NYLJ/Rick Kopstein; Renderings courtesy of Barbara Marks Architect
The newly developed Dwight School Athletic Center at 2116 First Ave. is a 12-minute drive from the main school at 89th Street and Central Park West, according to the school’s website. A source said the existing recreational facility had been too expensive for the cooperative to operate and maintain. The center encompasses a 40,000-square-foot standalone building within the co-op complex.
"This is an exciting opportunity to create shared value for our neighbors in the East Harlem community and for the students and faculty of Dwight by enhancing this facility," Stephen Spahn, the school’s chancellor, said in a statement. "Synergy and social utility are the driving force behind this innovative community partnership."
Students, staff and the co-op’s more than 6,000 residents will have access to the center.
Douglas Heitner, a partner at Kasowitz Benson Torres & Friedman, represented the school.
Ezra Goodman, a member of Norris McLaughlin & Marcus, represented the co-op board.
Richard Froehlich, chief operating officer, executive vice president and general counsel at New York City’s Housing Development Corporation and associate general counsel Claudine Brown represented the agency, which had to approve the lease.
Dwight’s investment in the redevelopment of the existing recreational facility is "a fraction of the $50 million to $80 million cost to build a new one," according to the New York Observer.
"The unusual thing about the facility was that it was not operational prior to Dwight’s occupancy," said Heitner.
Parties declined to disclose the yearly rental rate or estimate the expense of maintaining the facility.
"The yearly rate is on top of the school’s obligation to maintain the premises," Heitner said. Reports say maintenance and operations costs are part of the lease in addition to $2 million toward renovations. The facility and 25-yard swimming pool previously underwent a $6 million renovation.
In addition to the existing regulation-size gym, improvements will include the addition of bleachers seating 200, locker rooms and saunas, and a rooftop space to be redesigned for two tennis courts. The facility is expected to open by the end of the second quarter.
Established in 1872, Dwight School’s curriculum for students covers preschool through grade 12. Dwight is an authorized school of Geneva-based International Baccalaureate (IB) with a regional office in Bethesda, Md. It is part of a global network of schools, consisting of more than 3,200 in 141 countries that offer IB programs.
The school plans to offer scholarships to qualifying residents at the East River Landing cooperative.
Cushman & Wakefield’s Fred Smith, vice chairman, Robert Ballard, executive vice president, and Omar Farooq, senior associate, assisted East River Landing on the leasing of the recreational facility.
@|To report a real estate transaction, contact firstname.lastname@example.org.