School is in session in the Bronx, or at least it will be.\u00a0<\/p>\n
Kiumarz Geula, principal of real estate development firm Pillar Property Management<\/a>, has filed plans with the New York City Department of Buildings (DOB) to build a seven-story school building at 1000 University Avenue in the Highbridge neighborhood of the Bronx.<\/p>\n SEE ALSO: Marx Realty to Reposition 430 Park Avenue With $68 Million Hospitality Initiative<\/a><\/p>\n The plans were filed with the DOB on Aug. 5. Geula did not immediately respond to Commercial Observer\u2019s request for comment. Jonathan Imani of IMC Architecture<\/a>, the registered architect on the project, also did not immediately respond to CO\u2019s request for comment.\u00a0<\/p>\n The DOB plans have few details about the scope of the work coming to the vacant Bronx property. The plans call for the construction of a 64,366-square-foot, 108-foot tall building with a cafeteria and recreation space. No other details are available.\u00a0<\/p>\n Pillar Property Management isn\u2019t the only developer planning to bring a new school building to the Bronx. In June, Apex Development Group and Knickpoint Ventures secured a $60 million debt package to acquire and build a charter school at 1780 East Tremont Avenue, Commercial Observer reported<\/a> at the time.\u00a0<\/p>\n Ripco Real Estate\u2019s James Murad, who arranged the financing for that deal, told CO at the time that the project reflects \u201cthe growing demand for high-quality educational facilities in underserved communities and the continued appeal of mission-driven real estate investments.\u201d<\/p>\n