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A blog from CityRealty (Links below will take you to the 6sqft site)

Features

Rendering via Robert A.M. Stern Architects Rendering via Robert A.M. Stern Architects
More than 100 years after the Union Theological Seminary’s campus rose in Morningside Heights, the English Perpendicular Gothic-style buildings are showing their age both inside and out. As is becoming increasingly common in New York, a much-needed, multi-million-dollar renovation will be financed by the sale of approximately 350,000 square feet of development rights to a developer planning a luxury project in the neighborhood. In this case, Lendlease will put the purchased air rights towards a new luxury condo tower at 80 Claremont Avenue. Both the seminary’s renovations and the new building are expected to break ground next summer (h/t Crain’s).
According to permits filed by SLCE Architects, the soaring, 175-unit structure will contain office space and classrooms on the cellar level with faculty housing and luxury condos on top. Residential amenities will include a fitness center, mail room, children's playroom, storage, bike room, and on-site parking.
At 42 stories high, the new tower is likely to be the tallest building north of Central Park. It would take that title from Vandewater, a soaring condominium down the block that came into existence after a similar process: The Jewish Theological Seminary sold a parcel of land and 262,000 square feet of air rights to Savanna for $96 million in February 2016. The seminary is now hard at work on its “21st Century Campus,” and Vandewater has recently topped out. Sales are expected to launch in the new year.
Google Earth aerial showing a placeholder tower on the Union Theological Seminary campus
543-West-122nd-Street-1 Rendering of Vandewater via Savanna
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Content Specialist Michelle Mazzarella Michelle is a contributing writer and editor for real estate news in New York City
Luxury Homes in Midtown | Newly Renovated Studio-2BR Homes View Property
Spacious 1 Bedrooms with outdoor space and in-residence w/d View Property
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