The Rudin family has closed on its $260 million purchase of the former
main campus of St. Vincent’s Hospital in Greenwich Village, the Wall
Street Journal reported.
The Rudins had purchased the property from the closed hospital’s
Chapter 11 estate. The completion of the sale, with the assistance of
Eyal Ofer’s Global Holdings, will allow the Rudins to go forward with
their plan to redevelop the site with a new health care center and
condominiums, townhomes and a new elementary school. Rudin has donated
the former hospital’s O’Toole building to North Shore-Long Island
Jewish Health Care System, which would run the neighborhood medical
complex, expected to open in 2014. In addressing local critics of the project who are still upset about loss of the hospital, the Rudins have pointed to their plan
to bring doctors and nurses to the new complex.
The Rudin family has obtained $525 million in financing to fund the
project. Before the Rudin clan move forward, the plans still need approval from city regulators. [WSJ]
March 06, 2012 at 10:51 pm, Rudin urges City Council to approve St. Vincent’s zoning at final public hearing said:
[...] and Franchises Subcommittee in panels after Rudin’s opening statements, were the size of the medical facility, which some said was not sufficiently substantial to meet demand in the wake of the closure of St. [...]
March 29, 2012 at 3:39 pm, City Council green-lights Rudin’s development at former St. Vincent’s site – insiderater.com said:
[...] Eyal Ofer’s Global Holdings, from the closed hospital’s Chapter 11 estate in October 2011 for $260 million. Together the Rudins and Global form the entity responsible for the development, which is called [...]