Charter School in Bronx Finds Its First Permanent Location
OPEN Impact Real Estate LLC and Transwestern Real Estate Services have represented Bold Charter School in a 81,590-square-foot transaction for the ground-up construction of a build-to-suit school to be located at 1472 Boston Rd. in the Crotona East Park neighborhood of the Bronx.
Founders Lindsay Ornstein and Stephen Powers and VP Casey Noel of OPEN and SVP Thomas Hines at Transwestern represented Bold in the 39-year leasehold condominium transaction. The property is owned by 1472 Boston Partners LLC, which was represented by Nick Zweig of Locations CRE.
The new school at 1472 Boston Rd. will be Bold’s first permanent location and will welcome students from its two nearby temporary facilities at 1093 Southern Blvd. and 1090 Close Ave. The school is expected to open for the 2025/2026 academic year and will serve K-8 students in School District 12.
“Through an off-market search we were able to secure a purpose-built new home with an experienced developer and school design team,” said Powers. “After helping Bold secure an incubation space on Southern Boulevard, it was critical that their long-term home continue to serve these families as the school continues to grow with its students.”