Northwell Health, which owns 18 hospitals around New York City, may knock down the retail properties and build a 250,000-square-foot building in its place, according to the report. The retail properties are a block away from Northwell Health’s New York City-based Lenox Hill Hospital. It is unclear what Northwell has in mind for the site.
If the $300 million deal is finalized, Northwell would pay $1,200 per square foot.
More articles on facilities management:
Sanford Health clocks 1M patient visits to global clinics, seeks expansion
SSM to break ground on $550M hospital Aug. 31
University Hospital board approves $12M boost to ED expansion budget
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
