Real Estate Project

• he Site, some 32,000 square feet, is at the corner of Morningside Drive and Cathedral Parkway (110th Street). The Cathedral set strict development guidelines as to the height and bulk of what can be built, and required that open space surround the future structure.
• The Cathedral is working with AvalonBay Communities, Inc., a real estate investment trust, on a 300-unit residential rental property.
•  AvalonBay will apply to the appropriate City or State agency for the project to proceed as an 80/20 development. Under this plan,  80% of the units will be market rate and 20% will be affordable. The Cathedral will establish a Housing Mission Fund and contribute $200,000 annually to support the affordable units.
• The building, designed by Kliment+Halsband, an award winning New York architectural firm, will have a two-story glass entrance opening onto Cathedral Parkway, surrounded by landscaping to visually connect with Morningside Park, across the street.
• The corner of Cathedral Parkway and Morningside Drive will be transformed from a desolate, vacant area to a well-lit, beautifully landscaped corner that is safer for pedestrians.
• An attractive fence will replace the chain link and razor wire fence on the east side of the property.
• A new and significantly enhanced play area will be created south of the Cathedral Nave; it will be open to the public when not in use by Cathedral programs. 
• The Rose Garden will be relocated east of Diocesan House.

North Site

• The Site, some 55,000 square feet, runs along 113th Street between Amsterdam Avenue and Morningside Drive. The Cathedral set strict development guidelines as to the height and bulk of what can be built, and required that open space surround the future structure. The buildings will be set back from both Amsterdam Avenue and Morningside Drive so as not to obstruct views of the Cathedral. The height of any building at its maximum point will not exceed the eave line of the Cathedral (approx. 145 feet). The structure will be reduced in height at the portion of the site adjacent to the North Transept.
• The Cathedral has signed an option agreement with Columbia University for institutional development at this location.
• The structure will be situated about 70 feet north of the Cathedral - about the width of Lexington Avenue (building to building).
• A new plaza, open to the public and accessible from Amsterdam Avenue, will be established between the new building and the Cathedral Nave. 
• The North Transept, when rebuilt, will be visible and accessible from 113^th Street.
• The deteriorating sheds and chain-link fence on the site will be removed.
• An accessible terrace, open to the public, overlooking Morningside Park, will be created on the east end of the site.

• Assures the conservation and preservation of the Cathedral buildings and open space of the campus, a great municipal asset.
• Sustains the religious, social, cultural and educational mission commitment of the Cathedral to the neighborhood and the City.
• Provides about 60 new affordable apartments, with a preference for working individuals and families in the surrounding neighborhoods.
• Provides an appropriate and restrained perimeter building design that is respectful of the Cathedral and surrounding community.
• Creates a significant amount of newly designed outdoor space open to the public.
• Increases access to the Cathedral grounds on four sides.
• Enlivens the streets surrounding the campus, making them safer for pedestrians.
• Increases substantially the long-term economic activity in the neighborhood.