Alchemy Properties, alongside Daishin Securities, successfully acquired the site of 378 West End Avenue for $158 million last week, which will eventually become the home of a ground-up 19 story condominium building on the Upper West Side of Manhattan. It will be combined with a new 12-story structure, in conjunction with landmarks approvals, to be built at 260-262 West 78th Street, the former location of The Collegiate School.
378 West End Avenue
The West End Collegiate Church will get the money it needs from a project approved by the Landmarks Preservation Commission on Tuesday. The church, an individual landmark located at 245 West 77th Street, has bought the property to its north from the Collegiate School, at 260 West 78th Street, where an existing structure will be demolished. It will be replaced by a new residential building that will be connected internally to a restored and expanded 378 West End Avenue.
Collegiate Churches of New York has filed applications to transform the 12-story buildings at 370-378 West End Avenue, on the Upper West Side, into a single residential structure with 66 units. The Collegiate School building at 370 West End will be replaced with an 18-story structure, and once connected with 378 West End, will measure 198,095 square feet. Units will average 3,000 square feet apiece, and COOKFOX Architects is designing.