Shuttered St. Vincent's Hospital Manhattan May be Sold

St. Vincent's Hospital Manhattan in New York, which filed for bankruptcy and closed this spring, may soon go up for sale, according to a New York Times report.

The parent company of the hospital announced yesterday that it would seek approval from a bankruptcy judge to hire CB Richard Ellis to sell its Manhattan campus.

While the current value of the buildings is uncertain, a management company offered $300 million for the property's eight buildings in 2007. The firm planned to develop townhouses and apartments at the facility, allowing St. Vincent to open a new facility across the street. The management company, Rudin Management Company, says it is still interested in the property, according to the report.

Such a sale could be controversial in the community, as some contend that a hospital should be developed in the now-shuttered facility.

Read the New York Times report on St. Vincent's Hospital Manhattan.

Read more coverage on St. Vincent's Hospital Manhattan:

- Former St. Vincent's Employees Sue Over Executive Salaries, Outings Following Hospital Closure

-
St. Vincent's Hospital Manhattan Selling Real Estate in Wake of Bankruptcy

-
St. Vincent's Hospital Manhattan Files Bankruptcy Petition

-
Without a Suitor, New York's St. Vincent's to Close

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