(Washington) Fewer churches, more houses. Even luxury homes. Something like this could be the motto of estate agents in New York. The real estate market of New York is booming. Although the eight million inhabitants, only grows to a more modest degree, about 0.2 percent each year, but the demand for housing remains strong. More and more single households and higher demand will be satisfied. So real estate speculators eagerly spy for the churches of the city. Numerous churches are risking soon to be demolished to make way for luxury condominiums.
Some are already gone. Thus the Church of Saint Vincent de Paul of Williamsburg in Brooklyn. She was sold, according to USA Today, for 13.8 million dollars. Today there is a building there with 40 apartments. Each of them can be rented at the price of 4,250-5,500 dollars a month. Another example is the Church of Mary Help of Christians in the East Village. Soon the church of Our Lady of Vilnius in Lower Manhattan at the entrance to the Holland Tunnel connecting New York and New Jersey. For them, a $13 million price was paid. In their place, a 18-storey residential building is to be built.
Rising costs, declining demand
In the Upper East Side, the Church of Our Lady of Peace should belong to the demolition of candidates. The Church was built in 1886 by the German-American community, and was later became the home of Italians . It is located in a historic part of the city. The church facade is a listed building. No problem for the real estate industry. The facade will be preserved behind a modern building with luxury apartments. The historic façade will bring a special flair to the living space of future owners.
Just one kilometer away the Church of Saint Thomas More could be demolished. It is the church which was visited by Jacqueline Kennedy Onassis. There, the memorial service for her murdered husband, US President John F. Kennedy took place.
Reason for the feverish pursuit of churches by the real estate industry is the announcement of the Archdiocese of New York, to merge parishes and close some churches by year end. This is due to rising maintenance costs, shortage of priests and decline of practicing believers. Archbishop Timothy Dolan, Cardinal, announced that his archdiocese will no longer spend $ 40 million to maintain the parishes that do not need it.
Text: Giuseppe Nardi
image: Vatican Insider / Curbed NY (screenshot)
image: Vatican Insider / Curbed NY (screenshot)
Trans: Tancred vekron99@hotmail.com
AMDG