Transforming an Abandoned Historic New York College into Upscale Living Spaces

Developers Matt Linde and Udi Kore embraced a unique opportunity to redevelop the site of the historic St. John's College in Brooklyn's Bedford-Stuyvesant neighborhood—a familiar area from their childhoods.

After laying the cornerstone in 1869, the building went through several incarnations, formerly identified as the College of St. John the Baptist, St. John's College, and then St. John's University. In 1972, the university relocated to Queens, leaving the original campus to decay.

Left unattended after the university's departure, the site showed signs of decay over the years. Despite this, its magnificent architectural features, like high ceilings and arched windows, captivated Linde and Kore.

While initially reminiscent of a horror movie backdrop, the developers quickly envisioned transforming the worn structure into luxurious apartments once they recognized the potential within its core architectural elements.

The partners secured a 99-year ground lease that allows them to develop and manage the property. This lease will return to its original owners, the church, after this term unless extended.

Preserving the historical essence was crucial for the church. They sought a partner to generate revenue while retaining the college's historical elements, aiming to merge it as a valued community component.

Launching their journey with an initial $3.7 million lease acquisition, Linde and Kore adjusted the property’s status for tax purposes. They pooled finances through a significant construction loan and private equity, totaling about $104 million. Annually, the development incurs property taxes close to $700,000.

Inevitably, the construction phase introduced a new wing, linked to the original structure, ground-level parking, and adapted the layout into apartment formats.

The new residence, dubbed The Hartby, offers 205 apartments comprising studio, one, and two-bedroom varieties. Sixty-two units are pegged for affordable housing, with rent spanning from $2,495 to $3,939, while others reach up to $6,950.

Retaining distinct original features, The Hartby includes exposed brick and a window from the former chapel. The development also highlights communal spaces such as a courtyard and a winter garden linking to the neighboring church.

Community Embrace and Unique Offerings

Residents have access to numerous modern amenities, such as a gymnasium, social lounge, yoga space, and enterprise center. Leasing commenced in the spring of this year, and occupancy now nears total capacity.

By faithfully restoring key features of the old college, The Hartby has received community acclaim. The church and residents alike commend Linde and Kore for preserving a historical gem that is poised to become an enduring icon within Brooklyn.

Impressed by the project's faithful materialization, the church leadership expressed awe at witnessing the iconic building reborn after years in disrepair. It stands today as a revitalized landmark for the area.