NEW YORK CITY-William Rudin is struggling to redevelop St. Vincent's Hospital into townhouses and apartment buildings. The project faced problems last spring when the hospital fell into financial crisis.
Mr. Rudin is now talking terms with the St. Vincent's estate and creditors, such as GE Capital, to buy the campus and partly upraise the project.
nyc_stvincentshospital.jpg
paid $300 million for the campus under the 2007 deal. Now Mr. Rudin is planning to cut the price. For the full story, go to Wall Street Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
