New Developments in the News
APRIL 12, 2010
St. Vincent’s is closing but the door may still be open on condo plans; A palace in the Plaza changes hands.
The recent announcement of St. Vincent’s Hospital’s plans to close its Greenwich Village campus does not mean that that redevelopment plans for the buildings are off the table, according to William Rudin of Rudin Management. Rudin’s company has been in negotiations with the hospital to to redevelop part of the institution into luxury residential condominiums since 2007. Mr. Rudin said that the plan for St. Vincent’s to sell eight of its buildings to his company, four of which would be replaced by an apartment tower and some low-rise townhouses is “still viable.”
A 9,350-square-foot apartment on the third floor of the Plaza Hotel has been sold for $28 million to an undisclosed foreign buyer. The L-shaped, 14-room apartment with 13-foot ceilings and a 55-foot-long gallery is the building’s largest. The apartment’s previous owner had hoped to sell the apartment—which was listed at $39 million last September—for $100 million after renovations that combined 3 units into one.
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