Here's more from The Lo-Down, who has been following the saga:
[T]he sale was anticipated after the Allure Group, a private nursing home operator, closed the building in December. The company, which purchased the property last year for $28 million, has stated that the failure to obtain state Medicaid reimbursements forced the closure. The Allure Group also paid the city $16 million for the deed, which had previously restricted the building’s use to a “Not-for-Profit Residential Health Care Facility.”
Community Board 3 and City Council member Margaret Chin supported efforts to lift the deed restriction because they thought it meant the 200-plus-bed nursing facility could continue to operate as a for-profit entity. They were furious with the de Blasio Administration for allowing the building to slip into the hands of luxury housing developers.
A rep for the developers told the Journal that they plan to house upwards of 100 luxury units in the building, which overlooks Sara D. Roosevelt Park. (You can read more about the deal at BoweryBoogie.)
Late last year, an EVG reader, who had been a patient at the facility, heard the news from staffers about the impending closure of the building between Eldridge and Forsyth ...
Said the reader:
"The building is incredible with 12-foot ceilings and a penthouse floor that has a view from the UN to all of Midtown and Downtown. I knew it was doomed to have developers all over it from the first day I got there."