CUNY, Sloan-Kettering unveil plans for new UES medical, research facilities

TRD New York /
Sep.September 10, 2012 01:30 PM

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.

Sloan-Kettering recently bought 14 apartments at 515 East 72nd Street for $29.3 million to be used by doctors and senior staff.

Hospitals have been increasing their presence on the Upper East Side and in East Harlem, according to previous reports. [Real Estate Weekly] [AP]— Guelda Voien


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Nirav Tolia and his San Francisco home (Linkedin, Compass)

Leaving the neighborhood: Nextdoor founder lists Beaux Arts home in San Francisco for $25M

Leaving the neighborhood: Nextdoor founder lists Beaux Arts home in San Francisco for $25M
Michael Crawford and a rendering of the project (LInkedin, Hall of Fame Village)

Is Canton ready for a football-themed resort? Investors say yes

Is Canton ready for a football-themed resort? Investors say yes
(iStock)

City Council may extend deadline for construction safety training

City Council may extend deadline for construction safety training
Commercial evictions are on ice — for now

Commercial evictions get greenlight, but only in name

Commercial evictions get greenlight, but only in name
The 5 trending TRD videos you may have missed this week

The 5 trending TRD videos you may have missed this week

The 5 trending TRD videos you may have missed this week
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...