New York & Tri-State + Uptown/Bronx + Retail | April 3, 2023

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.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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