Children's Aid Society building six-story charter school expansion in the Bronx
The nonprofit is constructing a $50 million, 73,000-square-foot new home for its College Prep school on Southern Boulevard.
BY BEN KOCHMAN
NEW YORK DAILY NEWS
Wednesday, January 28, 2015, 9:06 PM
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A $45 million charter school is in the works at the site of a former abandoned building on Southern Boulevard.
The Children’s Aid Society plans to build a snazzy six-story, 73,000-square-foot home in Bronx for its College Prep charter school, which will eventually count 420 students in pre-kindergarden through fifth grade.
The nonprofit has already razed a building on the site at Southern Blvd. and Freeman St., and expects to open the six-story school by 2016.
It will be the biggest Bronx location for the organization, which operates 16 charter schools in the Bronx, Manattan and Staten Island.
“This gives us the full wide-ranging presence, much like what we have in the rest city,” said Children’s Aid Society Chief Financial Officer Dan Lehman.
The roughly $50 million project will be funded chiefly through the sale of tax-exempt bonds, pending city approval on Feb. 5.
The academy opened in 2012 as part of a wave of new charter schools citywide, and currently shares space with Public School 211 on nearby Prospect Ave.
That site will eventually house the school’s students in grades six through eight, said Drema Brown, the Children’s Aid Society vice president.
