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Thread: St. Vincent's Hospital (7th Ave) - Redevelopment Plan

  1. #31

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    That newish brown bldg is the main hospital and will obviously stay open. The issue is the lowrise 60's crap across the street.

  2. #32
    http://tinyurl.com/2ag28z Front_Porch's Avatar
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    Isn't the squatness a function of the fact that it's a hospital, though? Do you really want to be hauling sick people up and down a high-rise?

  3. #33
    Disgruntled Optimist lofter1's Avatar
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    St. Vincent's out-patient services also operates out of a low-rise building on the NW corner of 8th Avenue / W. 23rd Street -- not sure if they own that property, though.

  4. #34

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    Isn't St. Vincents in the Village where Woody Allen went for a "minah surgical proceduh" and woke up 100 "yeaahs latah" (in Sleeper)?

  5. #35
    Crabby airline hostess - stache's Avatar
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    Quote Originally Posted by lofter1 View Post
    St. Vincent's out-patient services also operates out of a low-rise building on the NW corner of 8th Avenue / W. 23rd Street -- not sure if they own that property, though.
    I doubt if they own it. That space used to be a café.

  6. #36
    Forum Veteran krulltime's Avatar
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    Greenwich Village Hospital Opts for Smaller but More Efficient



    St. Vincent’s plans to demolish the O’Toole Building, build a new facility there and sell most of its old
    buildings across Seventh Avenue.



    By RICHARD PÉREZ-PEÑA
    Published: February 10, 2007

    St. Vincent’s Hospital in Greenwich Village plans to build an entirely new hospital, probably across the street from its current site, and then sell most of its valuable real estate on Seventh Avenue to a developer.

    The plan, outlined in papers filed last night with a federal bankruptcy court and in interviews with hospital officials, would create a rare opening for redevelopment of a large chunk of property in the Village, some of the priciest real estate in the country.

    The hospital, which filed for bankruptcy in 2005, said the move would be part of an effort to create a smaller, more efficient facility. Like many struggling hospitals in New York City, St. Vincent’s has found that its most valuable asset — the land it sits on — could be the key to its recovery.

    St. Vincent’s strategy, which would consolidate several outmoded buildings into a single, more compact one, reflects the transformation of New York’s shrinking hospital industry. Financial problems have prevented needed modernization, and state officials and some hospital executives want to replace aging structures with ones that are more efficient and more attractive to patients and doctors.

    Proposing to build a completely new hospital, for an estimated $600 million, is a bold, confident stroke for St. Vincent’s, which has lost money for several years. The company’s plan for emerging from bankruptcy over the next few months, filed with the court yesterday, contained the first public disclosure of its real estate plans.

    The hospital would start building its new home before parting with the old one, which could be a calculated risk. It could mean having to spend heavily on construction before cashing in on the real estate.

    But Alfred E. Smith IV, who became the St. Vincent’s chairman last fall, said, “I don’t think it’s a stretch in any way.” The greater gamble, he said, would be to keep the existing hospital and try to modernize it. The project, which is only in the preliminary planning stage, will take at least five years to complete.

    There is likely to be neighborhood opposition to the new hospital and to replacing the old one with residential or commercial buildings. Both sites are in a landmark district, and the new hospital would be much bigger than what is allowed under current zoning, so special permissions would be required from multiple city agencies.

    “The last three years have been really hard on this institution in a negative way,” said Guy Sansone, chief executive officer of St. Vincent Catholic Medical Centers, the nonprofit company that owns the hospital. “The next three will also be hard on this institution, but in a positive way.”

    St. Vincent’s has sold or closed the money-losing hospitals it owned in other boroughs, reduced its administrative staff and renegotiated contracts with health insurers and vendors on more favorable terms. It has operated in the black in recent months, and officials hope to turn a modest profit in the coming years.

    The bulk of the hospital, with more than 800,000 square feet of space, occupies much of the block between Seventh and Sixth Avenues and 11th and 12th Streets. It consists of many connected buildings, some dating to the 1930s, with a mazelike layout that is far more expensive to heat, light and cool than newer buildings are.

    St. Vincent’s once operated more than 700 inpatient beds, but today it has about 450. Its low ceilings, narrow halls, odd floor plans and outdated building materials, hospital officials say, make it hard to accommodate some new equipment, or to convert wards to new uses. Few patients get private rooms, a common feature in newer hospitals that is seen as essential to drawing patients.

    In November, a state commission drafted a plan, which has since become law, to downsize New York’s hospital industry, with orders to close, merge or shrink dozens of hospitals and nursing homes. None of those plans directly involve St. Vincent’s Hospital, but most of them point in the direction St. Vincent’s wants to go — toward fewer, newer, more efficient hospital buildings.

    Across Seventh Avenue from the main hospital complex, between 12th and 13th Streets, sits the O’Toole Building, an old union hall that St. Vincent’s acquired in 1973, which now contains more than 180,000 square feet of outpatient clinics and offices. The most likely proposal, St. Vincent’s officials say, would be to demolish the O’Toole Building, and build a hospital on the site with 500,000 or more square feet of space.

    The hospital would sell most of the main complex east of Seventh Avenue, Mr. Sansone said, but probably not all of it.

    “To have big sites like that come available in the West Village, where there would be a tremendous demand for residential, it’s extremely rare,” said Daniel F. Sciannameo, president of the Albert Valuation Group, a major Manhattan real estate appraiser.

    “In this market, even as shells that someone would knock down, I think they could get $250 or $300 million, at least,” he said.





    Copyright 2007 The New York Times Company

  7. #37

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    Prepare to hear Berman blathering on in an article soon...

  8. #38
    Disgruntled Optimist lofter1's Avatar
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    IMO this is an instance where the interests of the community (via a viable, working and sustainable medical facility) should be given great consideration over the desire to save one building -- in this case the O'Toole building which is admittedly an interesting structure but apparently doesn't serve the purpose for which it is being used.

    The horrid brown brick abomination that St. Vincent's built across the street in the '80s would hardly be missed by anyone -- especially if a better medical facility was the result of that eyesore coming down. Anyone who has had the misfortune of being inside that hospital knows what a mess this group of mis-matched buildings has become.

    Hopefully SV will come up with a terrific design for the O'Toole site -- and whoever buys the site across 7th Avenue will find a way to develop that plot so that it honors the spirit of the GV Historic District.

    Currently that intersection above Greenwich / 7th is a fairly gnarly visual experience.

  9. #39

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    Quote Originally Posted by krulltime View Post
    ... New York’s shrinking hospital industry...
    Population's not declining.

    Are folks ailing less?

    Do they go to Jersey to get sick?

    Shorter hospital stays?

  10. #40

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    Fear of the medical profession.

  11. #41
    Disgruntled Optimist lofter1's Avatar
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    Insurance companies.

  12. #42

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    Quote Originally Posted by lofter1 View Post
    Insurance companies.
    That's why U.S. is #47 in life expectancy.

    Think about it: folks live longer in 46 other countries.

  13. #43

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    Although 15 to 20% of Americans don't have health care, the US still pays a greater percentage of its GDP on health care than EU countries do.

  14. #44
    Forum Veteran MidtownGuy's Avatar
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    Our health care system is a disgrace, a shame upon our nation. People in other countries that I speak with think it's barbaric, the lack of coverage, the drug prices jacked up for us, and sold at lower prices to others. People going to Emegency rooms because they have a sore throat or cough, it's just terrible.

  15. #45

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    Quote Originally Posted by londonlawyer View Post
    Although 15 to 20% of Americans don't have health care, the US still pays a greater percentage of its GDP on health care than EU countries do.
    True.

    Change the first word and your statement grows truer still:

    "Because 15 to 20% of Americans don't have health care, the US still pays a greater percentage of its GDP on health care than EU countries do."

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