SFUSD receives $2 million gift from real estate investment firm for Mission Bay elementary school project – The San Francisco Examiner
San Francisco’s newest public school in Mission Bay is funded in part by a $ 2 million gift from Alexandra Real Estate Equities, Inc., the San Francisco United School District announced on Monday.
SFUSD will use the donation to set up a foundation for the campus that will support the administration of the facility, the coverage of the site, the costs of upkeep and maintenance and the support of “necessary” activities, programs and capital projects for the campus it in the press release.
“We know schools are at the heart of a neighborhood and we are grateful to Alexandria for helping us create a new school in Mission Bay,” said SFUSD Superintendent Dr. Vincent Matthews in the statement.
Mission Bay has seen significant growth in housing, healthcare, and entertainment over the past few years, but it has long since had its own public elementary school.
This location near the Chase Center was designated in the 1998 Mission Bay South Design for Development plan, and the San Francisco Board of Education passed a resolution calling on the district to begin development on the school grounds in 2017.
By around 2025, the new school is expected to serve around 500 fifth-graders preschoolers and will have a Linked Learning Hub that allows students from across the district to take part in vocational training, internships and other professional development activities.
Alexandria is based in Southern California but has nationwide clusters and invests in office buildings and other commercial real estate that brings together life science and technology people. It was a founding donor for the Mission Bay elementary school project.
The real estate investment firm already operates an urban campus in Mission Bay and runs an academic scholarship program that has been providing six San Francisco public high school students with $ 5,000 annually since 2019 to attend a college or university of their choice and STEM to study.
According to the press release, Alexandria will continue to make STEM a priority in its partnership with SFUSD under the Mission Bay Elementary School Project by bringing its expertise in laboratory design, construction and development and helping shape the school’s STEM, to improve and facilitate educational opportunities.
“Alexandria’s contribution and partnership with SFUSD is further evidence of our deep commitment to further improve the thriving Mission Bay innovation cluster and promote educational opportunities in STEM. prepare students for success in the 21st century; and nurture the next generation of life-changing innovators, “said Terezia Nemeth, executive vice president and regional director of markets for the company in San Francisco, in a statement.
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