Elite New York School buys site next to existing San Jose campus
SAN JOSE — An elite New York City school has purchased an office building next to its emerging campus in San Jose, near the city’s downtown, indicating the school is expanding its education center.
Avenues: The World School, acting through an affiliate, purchased an office building at 525 Race St. in San Jose, documents filed April 1 with the Santa Clara County Recorder’s Office.
The school paid $33 million for the office building, according to public property records. The purchase was an all-cash deal.
The newly purchased building totals 72,700 square feet, as shown in a marketing brochure distributed by commercial real estate firm Cushman & Wakefield.
The office building, whose tenant is Vocera Communications, adjoins a campus that Avenues is preparing to open this fall.
“The project proposes to demolish an existing office building and three warehouse buildings, and redevelop the site for use as a private K-12 school,” documents filed with San Jose city planners show. .
The school’s first campus opened in 2012 in the Chelsea neighborhood of Manhattan. The Avenues website also lists physical campuses in China and Brazil, as well as a digital offering called Avenues Online.
Avenues charges $62,700 a year in tuition at his New York school. A tuition schedule for the San Jose campus has not been posted on the school’s website.
The Silicon Valley campus is expected to open in 2023.
Ahead of this planned opening, the school is trying to recruit a select group of students who are ready to be “trailblazers” on the Silicon Valley campus starting this fall, according to a post on the organization’s website. .
“The Founder Class Program provides a unique opportunity for a small cohort of students in grades 6-9 to act as pioneers and co-creators of our new campus” as part of an “opportunity to shape culture” of the future educational center, Avenues stated on its website.
Students will focus on the theme of innovation during this endeavor, the school said.
Through project-based interdisciplinary learning, students will discover and develop their passions, engage in community partnerships, and help build the culture of their new school,” the post reads.
The educational program is designed to help students shape the future of Avenues Silicon Valley School.
“Students will develop the skills and qualities necessary to become architects of their own future as well as the future of Avenues,” according to the school’s website.
In 2019, Avenues paid $27.1 million for an office building at 550 Meridian Ave. which represented the school’s campus beachhead in Silicon Valley.
Plans filed with the city show that this purchase was only part of an extensive redevelopment of the majority of a site bounded by Meridian Avenue, Saddleback Street, Race Street and Parkmoor Avenue.
The project would reuse two office buildings, retain an existing parking structure, construct four new buildings, develop a floodlit sports field and provide a range of on-site access and improvements, according to planning documents.
In addition to classrooms and office spaces, the campus will include many other features.
“A gymnasium and aquatic center, a theater building, a secondary classroom building and a student laboratory building” will also be part of the new campus, according to city documents.
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