The Real Deal New York

Rudin signs specialty-care center to lease deal at Greenwich Lane

Deal fulfills part of community facility requirement from rezoning
July 03, 2017 09:50AM

The Greenwich Lane development and Bill Rudin (Credit: Getty Images)

Rudin Management signed healthcare provider Northwell Health to 22,000 square feet of community facility space at its Greenwich Lane development on the site of the former St. Vincent’s Hospital.

Rudin TRData LogoTINY – which is developing the 199-unit, mixed-use condo project with Global Holdings Corp. – fulfills a requirement mandated by the property’s rezoning to set aside space for community facilities and fill at least half of it with medical offices, the Wall Street Journal reported.

“It was all part of the whole concept of bringing some level of health care back to the community,” Rudin senior vice president Michael Rudin said.

Northwell’s facility is expected to open in 2018. It will provide specialty health care services in the areas of cardiology, gastroenterology, pulmonology and ear-nose-and-throat. The new space is near Northwell’s Lenox Health Greenwich Village, which is housed in the 150,000-square-foot O’Toole Building that the developers donated in order to create an emergency facility.

St. Vincent’s closed in 2010. Rudin Management’s Bill Rudin said that more than 75 percent of buyers at the project are New Yorkers. Earlier this year, Starbucks CEO Howard Schultz paid $40 million to buy the development’s priciest penthouse. [WSJ]Rich Bockmann