Thursday, March 26, 2020
Development deal for former Church of the Nativity includes the La Salle space next door
As we reported on Tuesday, Gemini Rosemont, an L.A.-based real-estate investor, bought the former Church of the Nativity property on Second Avenue for $40 million.
According to public records, the deal includes two parcels — 42-44 Second Ave. and 46-48 Second Ave.
As several readers have pointed out, including Upper West Sider, the transaction is for the former church and part of the former La Salle property next door at 44 Second Ave. ...
For now, the corner building at Second Street, 38 Second Ave., is not part of the unspecified new development expected here.
La Salle, which dates to 1856 in this neighborhood, relocated to St. George Academy on Sixth Street in 2008.
The original La Salle Academy on Second Street was leased to a for-profit private school. The Second Avenue properties were apparently used as the school annex, providing additional classrooms and office space.
The Church of the Nativity closed after a service on July 31, 2015, merging with Most Holy Redeemer on Third Street.
As previously reported, the Cooper Square Community Land Trust had explored buying the former Church of the Nativity to use as low-income housing.
As for the future of 42-48 Second Ave., the Gemini Rosemont website notes that they look to rent to "tenants in high growth and tech centric industries."