Word: chabad
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Over the last month, the Fly entertained offers to sell the space to the Bee, the Chabad House at Harvard, and the Hasty Pudding Club, and hired Boston real estate management firm Colliers Meredith & Grew to help consider the bids. But in the end, the Fly decided to lease the building in order to retain ownership of the property and maintain an amicable relationship with what Powers called their “sister club...
...Hasty Pudding Club, the Chabad House at Harvard, and the Bee Club have all made bids for the property at 45 Dunster Street, which is currently owned by the Fly Club and leased to the Bee—but a decision on who will lay claim to the space has yet to be made...
Powers—who would not confirm that the Hasty Pudding, Chabad, and the Bee were the only three bidders—said that the decision-making process is unusually lengthy because the choice will undoubtedly have “an impact on some group at Harvard, if not more than one group...
...Chabad, an Orthodox Jewish center, has offered $6 million for the space, more than double the City of Cambridge’s assessed valuation of $2.7 million...
Rabbi Hirschy Zarchi, a founder and director of the Chabad House at Harvard, did not return phone calls for comment. Bee Club President Mariana B. Zobel De Ayala ’11 and Fly Club President Jordan D. Feldman ’11 declined to comment on the record. Members of the clubs who were contacted for this article referred comment to the presidents...