St. Bartholomew’s, which has just under 650,000 square feet of air rights
From the March issue: The evangelist preacher Billy Graham is fond of saying that “God has given us two hands — one to receive with, and the other to give with.” But three Midtown religious institutions that want to cash in on the city’s Midtown East rezoning proposal are finding that their hands are tied. St. Patrick’s Cathedral, St. Bartholomew’s and Central Synagogue between them have just over 2 million square feet of unused development “air rights,” which could be worth anywhere from $400 million to $1.1 billion, according to widely varying expert views. [more]
