New owners of College of New Rochelle discuss plans for former campusPosted: Updated:
The new owners of the College of New Rochelle are opening up about their plans for the former campus.
The trustees of the Masonic Hall and Asylum Fund won the property in a bankruptcy auction with a bid of $32 million.
The trustees are all Freemasons, a centuries-old fraternal organization.
The 115-year-old, nearly 16-acre college closed for good this past summer after years of financial struggles.
It's currently being leased by Mercy College.
Masonic officials say their plans for the property includes senior housing plus two other components.
"We think this campus is well-suited for educational purpose, and we would see that as part of any plans we develop," says Stephen Getman, of the trustees of the Masonic Hall & Home.
There are also plans for a wellness facility.
New Rochelle city officials say how the new owners plan to use the property is reasonable, but it would require zoning changes.
"The key for us..for the city is to make sure that they engage the neighborhood. It's a very active neighborhood, and to preserve the historic nature of several buildings on campus," says New Rochelle City Manager Charles Strome.
The new owners say they plan to be good neighbors. There is no word on when they will officially take over the property.