Lenox Hill Hospital to see a $2B renovation. Here’s what Northwell Health is planning.

The overhaul would also create a 200-unit resi building on current site

TRD New York /
Mar.March 08, 2019 09:00 AM

A rendering of Lenox Hill Hospital tower (Credit: Northwell Health)

Lenox Hill Hospital owners Northwell Health think the Upper East Side site’s existing 10 buildings are just too old and too small.

They are expected to announce a $2 billion renovation package, that will include the creation of a 41-story, 200 unit residential building at the Park Avenue corner of the site, according to the Wall Street Journal. It is not yet known what developer will be tapped to work on the new residential building.

The current hospital site stretches an entire city block between Park and Lexington Avenue, at 76th to 77th streets. Some of the hospital’s facilities date back to the 1800s.

The planned renovation includes a 516 foot hospital room tower, new physician practice offices, and the potential demolition of three townhouses on the north side of 77th to create one new building.

Northwell Health will need to receive city and community approval for the project. City Council member Keith Powers, who represents the area, told the Journal that public consultation would be essential.

“It’s incredibly important that there is a lot of public participation in the plan and concerns for those who live in or around the hospital are addressed through the land-use process,” Powers said.

Northwell are currently partnering with University Financing Foundation to develop six buildings on the Upper East Side that a new outpatient care center, a cancer center, an ambulatory surgery center and medical offices.They received a $246 million loan for the project in August. [WSJ] – Decca Muldowney


Related Articles

TF Cornerstone president Frederick Elghanayan and 595 Dean Street (Credit: CityRealty, Google Maps)

TF Cornerstone’s Prospect Heights two-tower project unveiled

128 East 73rd Street (Credit: StreetEasy)

“Exceptionally wide” townhouse sells at exceptional discount

California passes landmark rent control law

Luca Orlandi and Felipe Dutra (Credit: Getty Images and Google Maps)

Designer Luca Orlandi sells UES townhouse for $27M

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

From left: 2785 Broadway, 521 Bergen Avenue in the Bronx, and 1685 First Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

The Real Deal takes a look at the calls made to NYC’s 311 hotline over the past year. (Credit: iStock)

What NYC tenants complain about the most by neighborhood

The construction giants catching a Windy City windfall