NYC Gazette

Yeshiva University announces plans to create a new health sciences campus at Herald Center in Midtown Manhattan

Aug 18, 2024

New York, NY (Aug. 18, 2024) - Yeshiva University (YU) announced plans to significantly expand its presence in the healthcare field by establishing a new state-of-the-art campus in the 10-story Herald Center building at Herald Square in Manhattan. This expansion aims to shape the future of healthcare excellence and meet the demand for more competent, caring, and qualified healthcare professionals in the tristate area and across the nation.

In signing the long-term lease, YU will add over 160,000 square feet of new space to its footprint in midtown Manhattan. YU is entering into a 32-year leasehold condominium for floors 5-9, as well as partial mezzanine and ground floor areas.

Herald Center was acquired in 1981 by Morris Bailey and Joseph L. Jerome of JEMB Realty Corporation. The building, located at the corner of 34th Street and Broadway, was built in 1902 as the original Saks store and is situated in one of New York City's most densely-traveled districts.

“Yeshiva University’s new campus is an expression of our strategic growth as leaders in healthcare education, reflecting our global mission to improve lives and make a significant impact in the world,” said Rabbi Dr. Ari Berman, President of Yeshiva University. “As a values-driven university, we look forward to YU becoming an even greater participant in the New York Midtown neighborhood and its community by bringing new energy to the area through student life, educational activities and economic development.”

Yeshiva was assisted in the negotiations by Savills, whose team was led by David Carlos, Vice Chairman of the Nonprofit Practice Group. Building ownership was represented by Jacob Jerome and Morris I. Bailey.

Yeshiva University has long been an educational leader in Health Sciences and has recently expanded its leadership footprint with top-tier graduate programs at its Katz School of Science and Health.

###