In a $34 million land deal, Yale University has bought a permanent home for its School of Nursing.
The deal was sealed on Nov. 26, according to land records. The sale had two components.
Yale had been renting the nursing school’s current building, formerly Lee High School, at 100 Church St. South, from Church Street Development Association. The property sits on the block between Amistad Street, Cedar Street, Church Street South and Columbus Avenue. When the property became available, Yale snatched it up for $33,250,000.
Yale bought the property “so the school would continue to have a home,” according to Yale Vice President for New Haven and State Affairs Michael Morand. That means the school will continue at the same spot, but Yale will be the owners, not the tenants.
Yale also paid $1 million for a parking lot at 39 Prince St./214 Lafayette St., from Hamstead Properties LLC. The lot will continue to be used for parking, Morand said.