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Interesting development to replace the former St. Vincent's hospital. Essentially its a high end condo complex that will have stores. The Peter O'Toole building will be managed by Lenox Hill Hospital, and it will be the only part of the complex that will have hospital services (but no inpatient services). There's controversy about it leaving the nearest hospital on the west side in midtown (though patients can go crosstown to Beth Israel).
As someone who lives literally right there. The only real pluses I see are
* Some additional retail,
* The lower elevation on part of 11th street which has improved the view from my nearby apartment :-)
* The new park planned for the triangle below the O'toole building.
The major downsides are putting up with the construction for the next year or 2, and of course the loss of the Hospital.
i disagree with the rebuilding. There should be another hospital in it's place.
The reason there isn't is St. Vincent's when they were about to go broke, borrowed money from the Rudins (big developers). A few years later St. Vincent went broke again and couldn't pay. St. Vincent's had used its property as collateral for the loan.
The only way there could have been another hospital there is if a hospital or a city had offered to pay the money owned to the Rudin's. But no "white knight" came forward.
The Rudin's did donate the Peter O'Toole building to be used as a medical facility (to Lenox Hill). But most of St' Vincent's will be condos.
Christine Quinn let this happen in her district. It was simply the Bloomberg thing to do. It is only one of many reasons why she will not be the next mayor.
This Peter O'Toole?
Last edited by Taxi guy; 10-26-2013 at 08:53 PM..
Reason: error
Not to worry. If Bill deBlasio becomes mayor, he will immediately put a stop to it and make that a hospital again. I saw it on his commercial just the other night. It said quite clearly, "Hospitals, not luxury condos!"
Not to worry. If Bill deBlasio becomes mayor, he will immediately put a stop to it and make that a hospital again. I saw it on his commercial just the other night. It said quite clearly, "Hospitals, not luxury condos!"
I know you're just being sarcastic, but there's nothing the mayor could do about this. This matter was decided upon in bankruptcy court. Rudin loaned St. Vincent's the money, and when St. Vincent's couldn't pay, Rudin collected with St. Vincent's physical assets and developed them as condos.
I know you're just being sarcastic, but there's nothing the mayor could do about this. This matter was decided upon in bankruptcy court. Rudin loaned St. Vincent's the money, and when St. Vincent's couldn't pay, Rudin collected with St. Vincent's physical assets and developed them as condos.
Not sarcastic. More like wishful thinking that the luxury condos could be beaten back and things for the real people of the City could survive and I'm wondering how DeBlasio thinks he is going to do it for future cases of cannibalizing hospitals for luxury housing. Back in the day, I never would have thought St. Vincent's would be gone. It was a well thought of hospital once upon a time.
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