Teaneck Community Charter School
563 Chestnut Ave., Teaneck, NJ
Project Snapshot/Data
- Service provided : Project Manager
- Completion Date: August 2009
- Size: 36,000 square feet
- Students Served: 306, Grades K-8
- Developer: Friends of Teaneck Community Charter School
- Architect: Gertler & Wente Architects
- Contractor: LaRocca
- Total Development Costs: $11 Million
- Financing/Lender: Hamlin Capital and New Jersey Community Capital- Tax Exempt Bonds
Background
After 11 years of renting space, Teaneck Community Charter School started the 2009 school year in its new permanent home, a 36,000 square foot renovated warehouse. The journey from concept to completion took three years. The new facility includes classrooms, office space, a media room, meeting rooms, a multi-purpose room and a playground.
Build with Purpose managed the development of the project and secured $11 million in tax-exempt bond financing. Owning the facility has provided the school with another advantage: savings. Their annual mortgage payments are about $200,000 less then what they had been paying in rent, allowing the school to put the savings into the education program.
Read more about the client
TCCS school website
Press Releases
Teaneck Charter School’s Facility Expansion to Include Space for Public Use
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