Fener Greek Patriarchate has received the ownership of the the former Greek Orphanage -which was originally built by Levantine French architect Alexander Vallauri, at the turn of 20th century.
Restoration/ Renovation works tentatively is given to New York City architect, Nicholas Koutsomitis.
Old Greek orphanage, dilapidated wooden building, biggest wooden structure in Europe, second biggest in the world. Fener Patriarchate has received the ownership in year 2011, but could not raise funds for renovation which has an estimated budget of 50 million U.S. Dollars.