Olshan Client Metropolitan College of New York Signs to Move Into Triangle Plaza Hub

The Real Deal reported that work will soon begin on a $40 million development known as the Triangle Plaza Hub in the South Bronx. The announcement was made after Olshan client Metropolitan College of New York, a college founded in 1964 by educational pioneer Audrey Cohen, signed an agreement to purchase a commercial condominium unit in the development to house its growing college programs. The construction and purchase of the condominium is being financed using New Markets Tax Credits. On June 9, 2014, Real Estate Weekly reported that structural work had been started. The Olshan team representing Metropolitan College in the purchase of the commercial condominium is led by Thomas Kearns with additional counseling by Marty Cooper.