A Lower East Side church is looking to redevelop its property as a potentially 120-foot tall building that would continue to maintain the church at that location. The Spanish Delancey Seventh Day Adventist Church located at 126 Forsyth Street is seeking developers to purchase air rights from the organization, demolish the existing building, and build a new structure where the Church will occupy the the first three floors and the basement, according to a press release put out by the Church.
The property spans 5,000 square feet, and there is currently a possibility of building a structure as tall as 120 feet, according to the Church. The property can accommodate about 27,000 square feet of residential space in a new development, the Church's press release says.
So what's the Church asking from a potential developer for this property? Apart from a $7 million cash payment, the Church also wants the developer to find a temporary location where the Church can meet twice a week, and for four full weeks during specific dates. They've also asked for seating and sound systems for when the demolition work takes place. And finally they'd also like to retain the right to design the new church and ownership rights for the first three floors.
The Church currently has two entrances one at the above mentioned 126 Forsyth Street and another at 43 Delancey Street. In nearby Nolita, this is what a church conversion yielded.