ST. VINCENT’S HOSPITAL CAMPUS REDEVELOPMENT MOVES INTO ULURP

Land Use

Last month, the ULURP application for the redevelopment of the old St. Vincent’s Hospital campus was filed with the New York City Planning Commission.  The Rudin family has proposed to redevelop the old campus, situated along Seventh Avenue between 11th Street and 13th Street, with a large mixed-use development.  This project is one of the largest in Manhattan, and would be transformative for the Greenwich Village area; an area that has been principally dominated by community facility development and expansion by New York University.  The project requires a number of zoning map and text amendments, as well as various special permits from the City Planning Commission.  The ULURP filing is a significant step forward.

The estimated $800 million project includes nearly 600,000 square feet of zoning floor area, consisting of approximately 550,000 square feet of residential space (limited to a maximum of 450 dwelling units), 10,000 square feet of ground floor retail space, and 20,000 square feet of commercial space.  The project also includes an accessory parking garage and a park.  The Wall Street Journal has recently reported that the Rudin family has obtained $525 million in construction financing for the project, which may be a sign that the lending market for construction projects continues to thaw (albeit slowly).

The project had previously received approval from the Landmarks Preservation Commission (“LPC”) in 2009.  As part of that process, the proposal was reviewed by the local community.  One of the primary concerns raised by the local community is that the redevelopment should include a new full service hospital to replace the shuttered St. Vincent’s Hospital.  Since the project will now go through ULURP, it will give the public more opportunities to be heard and affect the proposal.

Although a new hospital is not proposed as part of the project, North Shore-LIJ and the Rudin family have recently entered into a joint venture, where North Shore-LIJ has agreed to invest $110 million to restore/upgrade the 160,000 square foot landmarked St. Vincent’s Hospital’s O’Toole Pavilion into a free-standing emergency room, ambulatory and imaging-services center.  The North Shore-LIJ capital commitment includes $10 million donated by the Rudin family, which is in contract to acquire the St. Vincent’s Hospital campus for $260 million in cash (including the O’Toole Pavilion building).  This restoration of the O’Toole Pavilion building and its use as a comprehensive care facility is as-of-right (with respect to zoning), and is not part of the ULURP application for the remainder of the campus.

North Shore – LIJ recently received unanimous approval from the LPC to restore the former O’Toole Pavilion building.  The approval included restoring the façade of the building and constructing a new entrance on Seventh Avenue.  State approval for the restoration/upgrade of the building is also required.  According to North Shore – LIJ, this state-of-the-art comprehensive care facility would employ 400 full-time workers and provide care to 450-500 patients a day, or roughly 72,000 patients a year.

Click here to review the ULURP application for the project.

 

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