Church wants Equity Residential development built before landmark designation

New York /
Apr.April 13, 2012 09:30 AM

Talks to landmark the perpetually unfinished Cathedral of St. John the Divine in Morningside Heights have renewed for a fourth time in more than 40 years as Equity Residential lays plans for a 15-story apartment building on the church’s campus, the Wall Street Journal reported. Once again, preservationists and activists want the building and its surrounding campus — called “the close” — landmarked before Equity begins work on its development. The Landmarks Preservation Commission first considered designating the structure and its surrounding grounds shortly after its creation in 1966 and again in 1979. But both times it decided to hold off until the building, which was first started in 1893 but has never been “finished,” was complete.

In 2003, the commission decided to landmark the building and its campus with the exception of the Equity plot and another parcel where AvalonBay Communities completed a 20-story apartment building in 2008. City Council, which wanted the entire grounds landmarked, repeatedly vetoed the LPC’s recommendation at the time. But the revenue generated by the projects is crucial to funding church operations, including the completion of its own structure an executive said. As a result, much to the dismay of the preservationists, the church wants the designation only after the Equity Residential building is complete. [WSJ]


Related Articles

arrow_forward_ios
The Strand Bookstore and store owner Nancy Bass Wyden (Credit: Getty Images)
Over owner’s protests, city landmarks Strand bookstore
Over owner’s protests, city landmarks Strand bookstore
Revamped design for 550 Madison receives Landmarks’ approval
Revamped design for 550 Madison receives Landmarks’ approval
Revamped design for 550 Madison receives Landmarks’ approval
The Top 10 preservation fights of 2018
The Top 10 preservation fights of 2018
The Top 10 preservation fights of 2018
Airbnb co-founder and CEO Brian Chesky (Photo Illustration by Steven Dilakian for The Real Deal with Getty)
Airbnb recruits multifamily landlords for short-term sublets
Airbnb recruits multifamily landlords for short-term sublets
Equity Apartments' Sam Zell and 155 Washington St Ste A in Jersey City (Equity Apartments, 
Getty)
Sam Zell’s hard lesson about Jersey City rent control
Sam Zell’s hard lesson about Jersey City rent control
Equity Group Investments' Sam Zell (CNBC/YouTube)
Watch: Sam Zell: Flooding markets with capital brings “consequences”
Watch: Sam Zell: Flooding markets with capital brings “consequences”
A&E’s Douglas Eisenberg and 140 Riverside Boulevard (Google Maps, A&E RE, Getty)
A&E lands $188M loan for UWS rentals — 5 months after buying them
A&E lands $188M loan for UWS rentals — 5 months after buying them
Equity Residential CEO Mark Parrell and 70 Greene Street in Jersey City (Equity Residential, LVC Interiors, Getty Images)
Equity Residential’s Jersey City tenants allege floods, faulty elevators
Equity Residential’s Jersey City tenants allege floods, faulty elevators
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...