On the last episode of the redevelopment of St. Vincent's, a judge had approved the bankruptcy sale of the site to Rudin Management and North Shore-LIJ Hospital. The Journal has an update on where things stand now with the project, a useful refresher for anyone who's forgotten the last few twists in this long saga. The main piece of news: the Rudins have gotten $525 million in construction financing, so this thing could actually happen.
What's going on and when: The redevelopment of St. Vincent's into 450 luxury condos will break ground early next year?pending City Council approval, which may shrink the plan?and be finished by the end of 2015. Rudin plans four new condo buildings, the conversion of four historic buildings, and the construction of five townhouses and an elementary school. Meanwhile, the soon-to-be retrofitted O'Toole Building will "look very similar to the facade of the Guggenheim Museum" when finished. Got renderings? We'll take 'em!
· St. Vincent's Site Moves On [WSJ]
· St. Vincent's coverage [Curbed]