Negotiations to preserve the Cabrini Center for Nursing and Rehabilitation failed, and the East Village facility will close this summer, EV Grieve reported, to make way for a condominium development by Magnum Real Estate President Ben Shaoul.
Shaoul acquired the 84,000-square-foot building, at 542 East 5th Street, for $25.5 million in November and reports immediately began circulating that the center would close. [more]










