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WSJ: Masonic Temples Reborn as Luxury Condos (Read 2692 times)
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WSJ: Masonic Temples Reborn as Luxury Condos
Sep 27th, 2013 at 6:14pm
Wall Street Journal

September 26, 2013

Masonic Temples Reborn as Luxury Condos

A growing number of Masons are selling their aging temples to developers who convert them into luxury condos.


When Larry Schier walks into the Masonic club on Manhattan's Upper West Side, there are no secret handshakes or symbolic rituals taking place. He is just coming home.

Mr. Schier, an agent with the Corcoran Group in New York, lives in a 2,800-square-foot condo in the former Masonic club and hotel called the Level Club on West 73rd Street. Attracted to the 14-foot ceilings and arched windows, he bought his first apartment there in 1984 for $287,000 and combined it with an apartment he bought next door in 2000 for $610,000. Since then, Mr. Schier has sold more than 130 apartments in the building, including a three-bedroom, two-bath unit listed for $2.7 million and under contract. He plays up the history of the building and the features associated with the Freemasons: the "exquisite stone-carved symbols" and its "exclusive allure of an ultra-prestigious club."


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