Church Sale of UWS School Paves Way for Condo Tower
Alchemy Properties has paid $158 million for an Upper West Side development site being sold by the West End Collegiate Church, the New York Post reported. The buildings include the former unaffiliated Collegiate School at 260 to 262 W. 78th St. and the adjoining 378 West End Ave., which was used by the school. The church itself, which has been landmarked, dates from 1892 and was not part of the sale.
The city’s Landmarks Preservation Commission has already approved plans to demolish the more recent school building in favor of a new, 19-story residential condominium high-rise designed by CookFox. The condo tower will be created with a new core and elevator bank to seamlessly connect with the West End Avenue building on the southeast corner of West 78th Street.
Alchemy partnered on the UWS project with Daishin Securities, a South Korean investment firm that is making its first U.S. purchase.
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