Columbia University plans to bring a 34-story residential tower to West Harlem amid its massive campus expansion.
The project at 600 West 125th Street will span just over 175,000 square feet and have 142 units for students and faculty, according to an application with the city Department of Buildings. It will replace a decades-old McDonald’s that closed a few months ago.
— The Real Deal
The tower, slated for completion in 2022, aims to "reduce demand on the local housing market," The Real Deal quotes a Columbia University spokesperson.
2 Comments
their billion dollar endowments could pay all student tuition. instead it goes to real estate
Columbia is one of the poorest (relative) ivies. They give full rides to a lot of students who actually need it. Housing is dreadfully expensive in the city, this aids in lessening that burden for many students for years to come while lowering the number of nearby housing that ends up being overpriced as a result of the school’s proximity. Endowments aren’t to be spent and depleted in their entirety they’re to be profited from in perpetuity, the profits then go back into the school in the form of modernization and yes scholarships.
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