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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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).