Rockefeller, Atlas File Plans for UWS Church Conversion
The church conversion bells are ringing on the Upper West Side.
The Rockefeller Group and Atlas Capital Group filed plans for a 340-unit residential building at 200 West 97th Street, the Commercial Observer reported. The 28-story, 392,000-square-foot project is on the site of a church the developers purchased at the beginning of the year.
Plans for the site include 2,500 square feet of retail space, a parish school, a residential lobby and an amenity lounge. The rooftop would feature a terrace and a pool, while the cellar would include a pet spa, podcast room, screening room, lounge, sports simulator and kids’ room. There would also be coworking space, a cafe and a fitness center elsewhere in the building.
As for the residential units, at least 25 percent will be designated as affordable because the developers are tapping the 485x tax break.
Handel Architects’ Frank Fusaro was listed as the project’s architect. He did not immediately respond to a request for comment.
“Together, we will deliver a best-in-class multifamily community that will flourish on the Upper West Side, while offering a critical affordable housing component and improvements to the church property,” Rockefeller’s Hilary Allard Goldfarb told the Observer; the developers agreed to preserve the existing church and rectory when buying the property.
The Roman Catholic Church agreed to sell the Roman Catholic Church of Holy Name of Jesus and Saint Gregory the Great for $96 million. The sale was part of the Archdiocese of New York’s continuing effort to sell off real estate to fund settlements for victims of clergy abuse.
In recent years, the Archdiocese agreed to sell the ground lease under the Lotte New York Palace for $490 million to the luxury hotel operator. It also unloaded its longtime headquarters at 1011 First Avenue to Vanbarton Group for $103 million; Vanbarton plans to convert the office tower to residential.
Atlas Capital started the year by purchasing the 13-story, 130-unit former “Red Square” multifamily rental building at 250 East Houston Street for $112 million from Dermot Company and Rockwood Capital.
Meanwhile, the Rockefeller Group expanded into the Pacific Northwest with the acquisition of a new 187,000-square-foot warehouse.
Read more
Archdiocese selling another housing conversion candidate
Archdiocese offloads Lotte New York Palace ground lease to fund abuse settlements
Safra’s AVRS Partners joins Vanbarton in archdiocese conversion
