Thursday 28 March 2019

Building on a prayer: Why big property deals and new developments involving churches are on the rise

The city’s real estate industry isn’t known for showing mercy. But as New York continues to grapple with an affordable housing crisis, developers are increasingly teaming up with institutions known for doing just that. Big property deals and new developments involving churches are on the rise, sources say, from Ebenezer Plaza in Brownsville to Trinity Church’s growing presence in Hudson Square. “Everybody is trying to see how they can partner in a joint venture with […]



source https://therealdeal.com/issues_articles/church-and-real-estate/#new_tab

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