Rudin Management agrees to big changes at planned St. Vincent’s development

New York /
Mar.March 14, 2012 06:00 PM

As predicted, Rudin Management has made a number of concessions in its bid to build luxury apartments on the former St. Vincent’s hospital site, including a reduction of the number of units planned, from 450 to 350, DNAinfo reported. The City Council’s land use committee hashed out the agreement with Rudin today, according to a statement from the City Council, DNAinfo said.

Rudin also agreed to give $1 million to arts programs for local schools P.S. 41, P.S. 3 and the Foundling School and $1 million to MFY Legal Services, a non-profit that advocates for affordable housing.

“The plan approved this morning shows the benefit of governmental leaders, the community and a developer working together towards a common goal,” Bill Rudin, managing partner at Rudin, said in a statement prepared for The Real Deal. “We are also proud to have been able to augment our commitment to education in the area.” [DNAinfo]


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