St. Vincent's Hospital site in New York |
One potential buyer that appears eager, Rudin Management Company, may encounter some skepticism. Rudin and St. Vincent's actually agreed in 2007 that the former would buy the hospital campus for $300 million and replace it with apartments and townhouses, according to the Times. As part of the arrangement, St. Vincent's had agreed to build a new campus across the street.
Preservationists ultimately blocked the plan by arguing that in order to build the new hospital, Alber C. Ledner's former Maritime Union headquarters--considered a landmark for its "distinct façade," according to the New York Observer--would have to be torn down.
"We continue to talk to the Rudins," St. Vincent's spokeswoman Veronica Sullivan told the Times. "Right now, it's still the property of St. Vincent's. Once we filed for bankruptcy, the game changed."
To learn more:
- read the New York Times article
- here's further information on St. Vincent's bankruptcy proceedings