Rockrose Development Corp. announced a long-term retail lease with The Mandell School at The Archive, Rockrose’s luxury residential building in Manhattan’s West Village.
The Mandell School is committed to providing an educational environment that is designed to nurture children’s cognitive, physical and developmental needs with emphasis on independence, community, and collaborative learning. The curriculum is designed to foster self-confidence as well as the mastery of early learning skills and problem solving techniques.
In its latest expansion, Mandell will occupy 9,700 square feet on the ground floor of The Archive for preschool classes of two, three and four-year-olds. The Archive, a former U.S. Appraiser’s warehouse listed as a New York City Landmark, is located at 666 Greenwich Street. The Archive has helped define the West Village since 1899. The 10 story building is distinguished by its red brick Romanesque Revival-style exterior and double-height arched windows. Rockrose worked closely with the New York City Landmarks Preservation Commission, the local community board and other advocacy groups to redevelop the building into 479 loft-like luxury apartments, and received an award from the Municipal Art Society of New York for its efforts to highlight the building’s distinctive architectural features. Today, it is one of the most sought-after rentals in Manhattan.
Patricia Dunphy, Rockrose Senior Vice President, said, “Living in the West Village is a truly special New York experience. The arrival of the Mandell School will further enhance the lifestyle of parents at The Archive and the neighborhood.”
Asking retail rents at The Archive are in the $70 psf range.
Stu Morden, Senior Managing Director, Newmark Grubb Knight Frank and Lindsey Ornstein, Principal, Transwestern represented the Tenant. Patricia Dunphy, Senior Vice President of Rockrose represented the Landlord.