Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + Uptown/Bronx  + Retail  |  January 19, 2022
Seaton Education Partners jhas entered a leasehold condominium deal for a future Brilla public charter school in the Bronx
Paul Bubny
By: Paul Bubny

OPEN Impact Arranges Leasehold for Bronx Charter School

OPEN Impact Real Estate LLC represented Seton Education Partners in a 73,000-square-foot transaction for the ground-up construction of a new, stand-alone K-8 school to be located at 1956 Jerome Ave. in the Mount Hope neighborhood of the Bronx.  

Stephen Powers and Lindsay Ornstein, founders of OPEN, and Transwestern VP Jake Cinti and associate Alexander Smith jointly represented Seton in the 39-year leasehold condominium transaction. The building is being constructed and is owned by an affiliate of Bolivar Development, which was represented in-house. 

The new school, located in Community School District 9, will occupy the entire seven-story building and will be a Brilla Public Charter School, part of Seton’s public charter school network. It will house Brilla Pax Elementary and Middle School. Brilla Pax Elementary opened in 2020 and is currently serving grades K-1 in a nearby facility. The new building is expected to open for the 2024-2025 academic year.  

Read More News Stories About: Transwestern
Connect

Inside The Story

OPEN Impact

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).
Order Reprints
  • ◦Lease
New call-to-action
New call-to-action