[Photo from May]
The Mount Sinai Health System, as previously reported, plans to replace its existing First Avenue facility by opening a smaller hospital on 14th Street and Second Avenue in the years ahead.
Now officials have reportedly put up its First Avenue properties, which are expected to close in the next four years, on the market.
Lois Weiss at the Post had the scoop:
Real estate sources say the sale, which is expected to include that full block bordered by First and Second avenues and East 16th to East 17th streets, will also include other First Avenue properties.
Weiss reported that Douglas Harmon of Eastdil Secured, who brokered the $5.45 billion Stuy Town/Peter Cooper deal with Blackstone, is talking to interested investors.
While it lies opposite Stuyvesant Town/Peter Cooper Village ... the campus is also opposite the leafy and elegant Stuyvesant Square Park, making residential options enticing, especially as Stuy Town’s new owner, Blackstone, has plenty of air rights toward seeking landing strip.
There's no word yet what this prime chunk of real estate might fetch. The Real Deal noted that "hospitals make an attractive target for developers. For example, in 2014, Fortis Property Group paid $240 million for the Long Island College Hospital in Cobble Hill, where it plans to build residential towers."
19 comments:
This makes me sick and I won't have a hospital to make me feel better.
Sounds like they planned this for a while... When Mount Sinai states that half of the hospital beds are empty this is only because they closed half of the beds... People are waiting sometimes for over a day in the emergency room waiting for a bed.
Profit comes first before patient care.
It would be great if our mayor actually cared about the people instead of his real estate friends...
Gee...I wonder what they're going to turn that old building into...
Yesterday I got a mailing from Mt. Sinai saying they weren't closing BI and that we would be getting something better in the future. Today they put the building up for sale and what we will get is lux condos and more people in an area that is already jammed to the gills with people. While the business model for a hospital is awful, instead of helping solve the problem our elected officials, most notably the Governor through Medicaid reform, made it impossible for hospitals to survive. Where is all the money going that is being saved by his Medicaid reform, straight upstate. NYC needs to stop begging the State for cash and support when they take the majority of the tax revenue generated in the City and give us nothing in return. Don't get me started on that loser Mayor of ours who I kick myself for voting for everyday. What has he done? His affordable housing plan sucks and is a give away to his RE budddies, Cuomo got us universal Pre-K, he hasn't put an muscle behind the small business survival act, he allowed the sale of two pieces of land to private developers for lux housing by lifting deed restrictions, his police force are all going to jail. Oh and now we hear he is broke.
The whole thing makes me sick too.
The power of real estate. They will destroy the 2nd Ave corridor for profit. All major hospitals are on avenues so they have easy access for emergency vehicles, medical supply trucks and cabs for visitors or people who take themselves to the emergency room or go home. There is no room on 13th Street! Just because they shrink Beth Israel it won't shrink the number of people needing service. The traffic problem alone will be a nightmare for residents and businesses. Let alone the drug and rehab clinics that will be part of their services. When I first moved to the EV over 40 years ago there was a methadone clinic between 12th and 11th street and everyday there were user all over the block. Even after the city closed it the users were still there. They were so stoned out that they didn't realize the clinic was closed. Where is Mendez and Maloney in all of this!
DIdn't DeBlasio promise that there would be no more hospital closings? Beth Israel will devolve into a glorified urgent care center... Or did the real estate people also donate to DeBlasio?
"...Stuy Town’s new owner, Blackstone, has plenty of air rights toward seeking landing strip" - what, are the denizens of whatever monstrosity goes up going to have their own private heliport now, too? And to answer Anon. 3.58's question of ""what they're going to turn that old building into," I'm guessing a big pile of rubble so they can build something transcendently ugly in the name of "modernity."
I thought the city would have to change the zoning to allow a residential development on this site? DeBlasio can prove what he said about not allowing any more hospitals to be converted into condos ever again by blocking any rezoning. It's your move, DeBlasio, and if you allow it you just lost my vote.
Another hospital below 14th St bites the dust to be replaced with luxury housing that will way too big and made out of glass(sadly the new norm around here)---any little hope DeBlasio had of getting re-elected just disappeared!
You guys know DiBlasio can't force Beth Israel to run a hospital against its will, right? He's just the mayor, and a crap one at that. He has no power to force a hospital to stay open.
Hmmm...the Stuyvesant High School building is mentioned...
Let's face it the rich don't get sick and if they do they have plenty of money to pay for whatever the fix is. Fly to Switzerland or just have a medical staff on container. The UES is moving downtown faster than the 2nd ave subway which is years off. How will the housecleaners of these new luxury buildings get here on time?
@6:18PM We all know that DeBlasio can't force them to remain a hospital, but he does not have to change the zoning either. The City should buy the properties as they are currently zoned (which will be at a lower price) and if a hospital does not want to buy the property. then the City can sell it at market price to someone who will include affordable housing. The city should get the windfall profit form this real estate, not Mt. Sinai.
@7:39pm: I agree with you, but dream on. Bloomberg sold this city out to his developer friends and now they're just "collecting" on what they were promised behind closed doors.
If anyone thinks that Bloomberg (or DeBlasio) gives a rat's rear end about an ORDINARY person's timely access to hospital care, they're living in fantasy-land.
And you can bleed to death in the extra time it will take an ambulance to get from where Beth Israel is now, to Bellevue or NYU instead.
The only winners, as always, are the developers and their slimy politico friends. Oh yeah, and the ever-smiling plastic realtors who must be salivating over the commissions they'll get on the $10+ million condos they'll be selling there - it can't happen fast enough for them!
9:43 PM: You forgot about the law firms, which have to write those 300-page applications to get the zoning changed. Zoning is for losers.
I also got a survey from Beth Israel the other day regarding my last ER admission. (How Did We Do?)
I hope the clinics that will replace Mount Sinai/Beth Israel will at least give first aid courses on demand; I bet not too many people know CPR—I don't, although I have a CPR dummy I got from a Freecycler—and CPR is a really important part of being able to hold on waiting that extra ten or twenty minutes for an ambulance.
Where are the Council people and Community Boards on this. Where IS the Mayor? Has anyone heard anything? I got one of those spin doctor letters this week... bushwa!
Beth Israel is referring to 14th Street and 2nd Avenue? The two buildings on the West Side of the Street won't be touched as they are privately owned. But the East side of the avenue is a different issue.
Clearly what they are referring to is either the former Manufacturer's Hanover building - now a facility of New York Eye and Ear Infirmary. That is too small.
What they must have been discussing is the New York Eye and Ear Infirmary and using that as a reduced size Beth Israel. The only question left to consider is whether they will also demolish the historical building.
I THANK ALL THAT HAVE LEFT HEARTFELT COMMENTS....IT IS A TRAGIC LOSS. RN
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