RE Developers To Buy Landmark Cathedral In Little Italy

Law360, New York (January 24, 2014, 3:39 PM EST) -- Real estate developers Time Equities Inc. and Hamlin Ventures are partnering up to purchase St. Patrick's Old Cathedral School in Little Italy, Manhattan, for an undisclosed amount, Time Equities said Friday.

The terms of the deal were not immediately disclosed Friday, but according to court documents filed in Manhattan Supreme Court in December 2013, the Archdiocese of New York had hoped to sell the cathedral for $29 million.

The property — which houses the oldest Catholic school in the city along with four other buildings —...
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