Rudin and Eyal Ofer Close on $260M Sale of St. Vincent’s Campus

NEW YORK CITY-After obtaining approval by the US Bankruptcy Court in Manhattan earlier in the year, Rudin Management Co. and new partner Eyal Ofer’s Global Holdings have closed on a $260 million purchase of the nine-building St. Vincent’s hospital campus in Greenwich Village. The developers will officially donate the landmarked O’Toole building to North Shore/LIJ-Health System to develop into a freestanding emergency and ambulatory surgery facility pending final city and state approvals.

North Shore-LIJ plans to invest $110 million for the redevelopment of the O’Toole building on the West Side of Seventh Avenue into a Center for Comprehensive Care, which would include 24/7 emergency services and a full-service imaging center, which Rudin is providing $10 million toward to offset North Shore-LIJ’s costs for the historic structure.