In 1891 the school bought land at the corner of Wall Street and Academy Place, a street that was named after the school, in the St. George section of Staten Island. Because of the expanding student population, a grand new building of English architectural design was built, and the cornerstone was laid in December 1895. The new building was dedicated at commencement in June 1896. The historic cornerstone now stands outside Alumni Hall on the school's Todt Hill campus, while the original building is now the Staten Island Museum.