New Beginnings Charter School

Brooklyn-based Bedford Stuyvesant New Beginnings Charter School has secured a 35-year lease for its second location in Williamsburg. The charter school will occupy 51,000 square feet in the Morris Adjmi-designed building at 217 North 10th Street, with an asking rent of approximately $70 per square foot. The new high school will be located on the bottom three floors of the mixed-use building developed by Largo. The school aims to secure a condominium leasehold, a legal structure that reduces property taxes for nonprofit tenants with leases of 30-plus years. The charter school serves grades K-8 and is expanding to include high school grades.