Opportunities for Child Care Sites

Fillmore Commercial Real Estate has been working with a number of applicants for New York City School Charters. In that vein, we have realized that there is an opportunity for well-established child care agencies utilizing either Universal Pre-K or Head Start programs to be located on-site at new charter school locations.

In the current environment, the charter school system allows private individuals to go through a rigorous examination process to apply for a license to operate a New York City public school as a charter school. The legislature has lifted the cap in New York City allowing for additional charter schools to be licensed within the five boroughs. Currently there are approximately thirty applications pending for the Brooklyn area.

If and when these charters are granted, they will be opening new elementary and secondary schools within various school districts throughout the borough.

These schools need facilities within which to operate and Fillmore Commercial Real Estate is assisting these applicants in locating structures suitable for housing public schools. In many instances landlords are building out new structures, either from the ground up or through extensive internal rehabilitation. These construction efforts result in a state-of-the-art, modern facility.

Since these new facilities will house kindergarten grades to fifth or eighth grades, the sites must meet all the requirements and criteria necessary for Universal Pre-K and Head Start programs.
Certain of our charter applicants have inquired about the possibility of housing Universal Pre-K or Head Start programs within their buildings. This, in our estimation, is a “win-win” situation. There is a great deal of flexibility at this time in the space that will be made available to the Universal Pre-K or Head Start programs and while we are in this planning stage, it is the perfect time to agree on the size of the space needed.

Additionally, the rent will be reasonable inasmuch as it is subsumed in a larger rental for the entire facility. Additionally, other parts of the facility will be made available for use by the sub-tenant such as cafeteria, gymnasium, music rooms, computer labs, etc.
If you are an established child care agency interested in this type of arrangement, I would request that you contact me.

James F. Clarke, Corp. VP/Division Manager
Fillmore Commercial Real Estate
2990 Avenue U
Brooklyn, NY 11229
Tel. 718-907-1127
Fax 718-368-3721