The Landmarks Preservation Commission voted 8 to 3 yesterday to approve St. Vincent's designs for an $800 million hospital tower on the site currently occupied by the landmark O'Toole building in Greenwich Village. The vote came just a day after preservationists announced their lawsuit against St. Vincent's; some community groups have been trying, unsuccessfully so far, to stop the hospital from razing the 44-year-old building. The commission had previously rejected plans for a 329-foot hospital tower, but ultimately approved it at a height of 278 feet. But hospital officials still need the commission to approve their proposal for a 350-unit condo across the street; St. Vincent's plans to use money they raise from the apartments to build the hospital. Looking ahead to a surely prosperous future, developer William Rudin optimistically tells NY1, "Hopefully the economic situation we are in will have alleviated itself. And the economic stimulus would have kicked in and we'll see positive things happening in the economy and we think four to five years from now."





Love it: Condos being built in depressed market in hopes of using that money to fund the project.
If you can get the funding, what better time to do it? By the time they are ready they will be sellable again.
do they have any plans to revamp their health care at all? i fi was shot in front of st vincent's i would beg for them to take me to roosevelt instead.
Those condos will go a long ways towards paying for the demolition of the O'Toole Building. The hospital itself? Will never get built.