[PeterQM]

Savanna's Morningside Heights Tower Begins Construction Despite Councilman's Petition to Scale Down
Jan 2
https://www.cityrealty.com/nyc/marke...ale-down/15108

After receiving approvals last fall, Savanna Real Estate Fund has begun construction on their 33-floor, 178-unit residential tower in Morningside Heights. The tower will rise from a through-block property at 531 West 122nd Street formerly part of the Jewish Theological Seminary’s (JTS) campus. In 2016, the 130-year old institution sold the development site and 262,000 square feet of air rights for $96 million. JTS plans to use the sale proceeds to fund a $96 million multi-year modernization which will build a new performing arts space, a residence hall and a new library that will house the institution's rare collection of Judaic books, manuscripts, and scrolls.