The developer says the Life Time club at One Wall Street will be the most extensive health and wellness center in New York City.

The retail real estate industry will likely have mixed feelings about Sears' second life.

While noting that the college's current budget is balanced and its $52-million endowment has been strong, the harsh financial realities of small universities in the United States could not be ignored.

“The relocation and extension of the PBS lease is also indicative of our plan to retain and attract diverse industries to National Landing, including associations and non-profits.”