The New School

Last summer, David Van Zandt announced that he was stepping down as dean of Northwestern Law, in order to assume the presidency of the New School here in New York. In the fall, he put his magnificent mansion on the market — for a whopping $4.7 million. (DVZ bought the 6,300-square-foot house, in Chicago’s tony Lincoln Park neighborhood, for $922,550 back in 1996.)

We were impressed. We wrote at the time: “It seems that Dean Van Zandt’s talents extend to real investing as well as academic administration!”

But some commenters were less enthused. Wrote one, “Let’s wait and see how much he actually gets, shall we?” Said a second, “I live in the area…. he will be lucky to get $3.0M.”

We can now report that a buyer has closed on President Van Zandt’s former home. How much did he get for it?

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Isn’t it nice when people who do good also do well? David Van Zandt — the outgoing dean of Northwestern Law, and the incoming president of The New School — is a beloved figure, at NU Law and beyond. Professionally, he’s an innovator in legal education; personally, he’s a great guy. We’re big fans of his here at Above the Law, especially since he once wrote a guest commentary for our pages (on law school rankings).

When Dean Van Zandt announced his departure, Northwestern Law students were heartbroken. But don’t shed tears for DVZ: he’s going to a better place. Hello, New York City! [FN1]

And assuming The New School doesn’t provide its new president with housing, Dean Van Zandt should be able to snap up a fabulous pad for himself here in Gotham. He has put his Chicago mansion on the market, for a very pretty penny. If he succeeds in selling it for anywhere near the asking price, he’ll be able to live large in NYC.

Dean Van Zandt bought the home back in 1996, for $922,550. How much is it on the market for today?

Let’s find out — and ogle some pictures of the house, inside and out….

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Law school deans come, law school deans go, but this departure hurts. As Dean of Northwestern Law School, David Van Zandt has been a strong voice for a more practice-oriented approach to legal education, and he’s been doing it from the unusual perch of top 14 law school.

But at the end of the year he will leave to become the President of the New School. And boy are they happy. From the New School’s press release:

“We are proud to welcome David Van Zandt to The New School,” said Michael J. Johnston, chair of the Board of Trustees. “Since 1919, New School leadership has stood at the vanguard of American higher education. The New School today has emerged as a major degree-granting university with academic strengths in the humanities and social sciences, design, public administration, and the performing arts. I am confident that David Van Zandt will make lasting and meaningful contributions here, building on our legacy of preparing socially responsible citizens for the challenges of the future. I along with the rest of the Board and the university community look forward to working with David.”

Dr. Van Zandt will assume his new position as president of The New School on January 1, 2011. He succeeds the university’s current president, Bob Kerrey, who will remain as New School president until the end of 2010 to ensure a seamless transition. Kerrey, who was appointed in 2001, led The New School during a period of unprecedented growth.

Dean Van Zandt deserves the praise. But the sadness coming out of Northwestern is palpable. The kids at Northwestern Law were very attached to their dean…

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