The city of New York, the City University of New York and Memorial Sloan-Kettering Cancer Center reached an agreement for the construction of two research and medical facilities on the Upper East Side, Real Estate Weekly reported.
Sloan-Kettering will build a cancer care facility and CUNY’s Hunter College will build a new facility for science and nursing programs, according to the Associated Press. The new building will eliminate the need for redundant infrastructure, such as cafeterias and libraries, at the school’s 25th Street campus, which the university will eventually vacate, Real Estate Weekly said.
The city will sell a 66,000 square-foot site at 525 East 73rd Street to CUNY, which will build the 336,000-square-foot science and nursing facility there, for $215 million. The cancer center will span up to 750,000 square feet, Real Estate Weekly said.