The Park Avenue Christian Church is selling its five-story annex building at 1010 Park Avenue, which houses the school, to raise money for its small congregation, according to church officials.
The buyer, Extell Development, intends to raze structure to make way for a $50 million apartment tower.
The new 105,000-square-foot building would have 17 units spread over 16 floors, with amenities such as a pool, saunas, a playroom, gym, an outdoor recreation area and a private terrace.
Extell’s original design called for a mindboggling 210-foot tower that cantilevered over the landmark church, wrapping around its 70-foot spire and blocking a wall of stained glass windows on the south side of the church. The Upper East Side house of worship, completed in 1911, is known for its famous stained glass windows designed by Louis Comfort Tiffany.
Because of the backlash, Extell and the church agreed to hold off on development until it drafted a less controversial proposal. They hired preservation experts Beyer Blinder Belle to design the new building, and in a statement, the developer said they want to "find a solution that preserves the church and is acceptable to all parties."
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In an unusual arrangement, however, Extell agreed to a last-minute request by the city’s Landmarks Preservation Commission not to alter the church itself, which dates to 1911 and features Tiffany windows, without a thorough review.
More churches are considering deals with developers as land prices reach historic highs, paving the way for disputes between builders, strapped-for-cash religious institutions, preservation groups and neighborhood residents.
The congregation of Park Avenue Christian Church said it needs money to keep the institution afloat.
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