ah, yes! Close a hospital to build condos that no one can afford. Brilliant!
Well certainly you and I perhaps couldn't afford these prices, but there are plenty of others from not only NYC but the country/world who can. Or at least that is what the Rudin family is hoping.
The real estate market around Greenwhich Village is *hot* at the moment, indeed as is Chelesa. Just look at the area around Union Square.
Remember this is just the first piece of the old St. Vinny's campus. Work is still ongoing for the former Nurse's Residence and then there is the *Big Fish* the main hospital buildings up to Seventh Avenue.
Am down that way at least once or twice a month and could sit down and weep when one sees everything shut up and being torn apart.
Just what NYC needs, more condos for the rich and less service to the poor.
Quite allot of properties such as these in the luxury end of the NYC real estate market are being snapped up by people from outside the USA or other parts of the country as pied-a-terres. They are also being purchased as homes for *children* attending college in New York and for young adults as their first apartments.
Rental housing isn't being built and that has pushed average rents way up. Many families with means see a purchase of a NYC condo for use by their children be they in college or recently graduated and moved to NYC to start their careers as a smart investment.
I think this is where they are going to put all us old 50 something unemployed nurses that are to young for medicare and social security and too old to get hired in nursing positions. I'm going to keep checking my mail box for my room assignment.I hope they'll let me bring my dog.