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New York City Developers Turn to Churches, Synagogues for New Sites

Manhattan Condo Tower to Rise on West End Collegiate Church Land
Alchemy Properties and Daishin Securities plan to build a condominium with up to 65 units next to West End Collegiate Church on its property they bought on the Upper West Side. Rendering Credit: Alchemy Properties
Alchemy Properties and Daishin Securities plan to build a condominium with up to 65 units next to West End Collegiate Church on its property they bought on the Upper West Side. Rendering Credit: Alchemy Properties
By Diana Bell
October 30, 2018 | 5:58 P.M.

A plan by investment firm Alchemy Properties and Seoul-based banker Daishin Securities to build a condominium tower on land formerly held by West End Collegiate Church in New York is tapping an increasingly popular and long-overlooked property supply: churches.

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