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Paul, Weiss Represents CUNY in Development of New Campus for Hunter College School of Social Work
- Client News
- October 29, 2008
Practices
As reported in The New York Times, CUNY's Hunter College School of Social Work is relocating from its current Upper East Side location to a new planned $135 million, eight-story building on Third Avenue and 118th Street in East Harlem.
In a multiparty real estate deal described by CUNY officials as "the most complex the university has ever undertaken," CUNY, together with the Lois and Samuel Silberman Fund of the New York Community Trust, will sell Hunter's current building on East 79th Street to developer The Brodsky Organization. Brodsky will design and construct the new Hunter school building on the Harlem site using the proceeds from the sale and other state funds, before beginning development of the property that Hunter will vacate.
The transaction also involved negotiating the acquisition of the Harlem property assemblage, and the terms of a $40 million naming gift from the Silberman Fund to CUNY, the largest gift CUNY has ever received.
Construction on the new 142,000-square-foot school building, to be named the Lois V. and Samuel J. Silberman School of Social Work at Hunter College, is planned to begin this summer and to be completed by June 2011.
The Paul, Weiss lawyers representing CUNY and Hunter School of Social Work in this deal are real estate partner Meredith Kane, associate Jesse Meshkov and summer associate Rebecca Windt. Personal representation partner Jack O'Neil advised on the naming gift.