NEW YORK | Lenox Hill Residential Tower | FT | 41 FLOORS

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The overhaul would also create a 200-unit resi building on current site

Lenox Hill Hospital owners Northwell Health think the Upper East Side site’s existing 10 buildings are just too old and too small.

They are expected to announce a $2 billion renovation package, that will include the creation of a 41-story, 200 unit residential building at the Park Avenue corner of the site, according to the Wall Street Journal. It is not yet known what developer will be tapped to work on the new residential building.

The current hospital site stretches an entire city block between Park and Lexington Avenue, at 76th to 77th streets. Some of the hospital’s facilities date back to the 1800s.

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[chris08876]

Lenox Hill Hospital Plan Includes Park Avenue Condo

Plans call for larger service departments, only single-bed patient rooms, more beds than before, state-of-the-art equipment and technology while providing flexibility for future technology advancements, and more operating rooms. They will also establish a dedicated “mother-baby” hospital wing to accommodate mothers and family members in an elegant private setting with its own separate entrance on Park Avenue. Plans also include shared programmable community spaces. In total there will be 1.3 million square feet, up from 780,000 square feet including the 30-story tower.

Joshua Strugatz, vice president of Northwell’s Manhattan Redevelopment, was appointed as the hospital’s liaison to field questions and provide updates to the community; email renewinglenox@northwell.edu.

Northwell has established nearly 80 outpatient facilities in Manhattan since 2010. This financial investment would be difficult to achieve without “monetizing” a portion of the hospital’s valuable real estate. Therefore, a 41-story residential building on the Park Avenue corner, with about 200 units, was added so “we could offset costs for rebuilding Lenox Hill,” said Dowling. The costs and returns from the condos have not yet been established; it is totally separate from the hospital buildings.

Every planning decision mentioned here is highly regulated by government agencies, including having to justify any change based on community needs. It will take many more months to wind their way through many bureaucracies at state and local levels. You can contact Northwell directly with your comments.

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http://westviewnews.org/2019/06/leno...-avenue-condo/