Demolition of 19th century Christ Memorial Church underway (October, 2018).

The demolished 19th century Christ Memorial Reformed Episcopal Church building on the northeast corner of 43rd and Chestnut Streets has recently been resold (for a second time) to a new developer, according to reports. Alterra Property Group, the same developer who is currently erecting a 6-story prefab apartment building on the 4100 block of Chestnut, purchased the property for $17 million in February, according to a recent report by Philly.com, and is planning to build another apartment building aimed at “graduate students, retained graduates, and young professionals” on the site. 

Previously, a New York based firm purchased the property for $10.5 million in June 2018 from West Philadelphia-based developer Guy Laren, after years of attempts to save the slowly deteriorating building.

The planned apartment building will be larger than the one at 4125 Chestnut and will likely have some commercial space, according to the report.