Developers excited by hospital news

Word of the potential closure of several city hospitals has the real estate community in a frenzy as developers look to purchase soon-to-be defunct medical facilities and convert them into condominiums and rental apartment buildings. A report from the Commission on Health Care Facilities in the 21st Century recommended that buildings held by Manhattan Eye, Ear and Throat Hospital on the Upper East Side, St. Vincent’s Midtown Hospital in Hell’s Kitchen and Cabrini Medical Center near Gramercy Park be sold off. more [Sun]