The Real Deal New York

Crumbling church could bring more development near Barclays Center

June 29, 2012 04:30PM

The Church of the Redeemer — a 150-year-old building located at 561 Pacific Street near the rising Barclays Center — will soon be bulldozed to make room for new development, the Brooklyn Paper reported. Church leaders say the current building is structurally unsafe so they plan to partner with a private developer to erect a new sanctuary on the site along with residential or commercial space above. As it currently stands, zoning permits a structure to rise to 120 feet at the site, although few details of the actual plans were available.

A church spokesperson said it planned to work with the community to bring something amenable to the site. For the last year the area has felt the affects of the forthcoming arena as the nearby retail shifts rapidly to make way for the sporting mecca.

The church, on the corner of Fourth Avenue, currently measures 11,700 square feet, according to The building’s assessed value was $838,800 last year and pegged its market value at $1,864,000. [Brooklyn Paper]