Rudin Management Plans Luxury Condos in Greenwich Village

By Veronica Grecu, Associate Editor

Last week, the New York City Planning Commission approved a redevelopment plan that would transform the former St. Vincent’s Hospital campus at 144 West 12th Street into luxury condos. The initiative, which belongs to local development company Rudin Management, will also have to be reviewed by the City Council and Mayor Michael Bloomberg, who have 60 days to give the final approval.

If the project gets the green light, Rudin Management will create one of the largest condo developments built in Greenwich Village in more than 10 years. According to a recent article featured in The Villager, the $800-million redevelopment plan would include 450 new condo units, a 17,000-square-foot public park on the west side of Seventh Avenue, 10,000 square feet of retail space, 20,000 square feet of medical offices and a new school facility. The project’s residential component requires transforming four former hospital buildings into residential facilities and building a new 16-story apartment tower, a new 10-story apartment tower, a 7-story housing facility and five 5-story townhouses.

Meanwhile in Brooklyn, a 9-story condo building located at 75 Clinton Street will be marketed as a rental property, according to Crain’s New York Business. The property’s owner, Dallas-based investment company Invesco, bought the building a few months ago from Marshall Weisman for an undisclosed amount and decided to repurpose the housing units, as the original condo plan proved to be unsuccessful. The company appointed The Marketing Directors as the facility’s exclusive marketing firm.

Depending on the size, the units will be available for rents ranging from $2,800 to $7,000 a month. The building includes studios to three-bedroom apartments, as well as penthouses with 957 square feet of outdoor space that will be rented for $8,000 a month.

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Illustration courtesy the Greenwich Village Society for Historic Preservation website