“Jewish Theological Seminary Taps Real Estate to Update Manhattan Campus”
“Leaders of the Jewish Theological Seminary have tapped New York City’s strong real-estate market to fund the modernization of its Morningside Heights campus.
The 130-year-old educational institution said it completed a $96 million deal to sell a parcel of land on the eastern edge of its Morningside Heights campus, air rights to develop that land and an off-site residence hall to Savanna, a real-estate investment and development firm.
The money from the sale, which closed Thursday, will fund the redevelopment of its complex at 3080 Broadway, adding features that include a performing-arts space and a residence hall built above a new library that will house and display its renowned Judaic collection of rare books, manuscripts and scrolls.”
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