August 2, 2024
The Good Newsroom: Archdiocese Sale of Property to Bring More Than 500 Affordable Housing Units in Manhattan’s East Village
The Archdiocese of New York announced Wednesday that the Parish of St. Brigid-St. Emeric closed on the sale of property in Manhattan’s East Village to a development team that plans to build more than 500 units of affordable housing on the site
Streetview of 181 Avenue D. © 2022 Google
The Archdiocese of New York announced today that the Parish of St. Brigid-St. Emeric closed on the sale of property in Manhattan’s East Village to a development team that plans to build more than 500 units of affordable housing on the site.
The project is in keeping with the Archdiocese’s long-standing commitment to providing affordable housing to the communities it serves at a time when the citywide vacancy is at a historic low of 1.4 percent. The development on the site of the former St. Emeric church will supplement the 400 units of affordable housing being developed a few blocks south by the Grand Street Guild, an Archdiocesan-affiliated housing entity.
The purchaser is a joint venture co-managed by nonprofit developer Community Access and affordable housing developer Spatial Equity, as well as Duvernay + Brooks and Cooper Square Committee. The Archdiocese selected the project team following a competitive RFP process facilitated by Denham Wolf Real Estate Services.