NEW YORK CITY-The AFL-CIO Housing Investment Trust is planning to provide $40 million of union pension capital towards construction of the $896 million Weill Cornell Ambulatory Care Center, which is part of New York-Presbyterian Hospital.
The project will utilize 100% union labor, creating more than 5,200 union construction jobs. The HIT's investment will fund approximately 420 of the jobs. The ambulatory care center is part of a plan to significantly increase outpatient services at NYP. The care center will be located on the Upper East Side, next to the Weill Cornell Medical Center, one of New York-Presbyterian Hospital's main facilities.
Says Carol Nixon, director of the HIT's New York City office, “We are very pleased to be part of a project that will increase the hospital's capacity to deliver state-of-the-art medical services to the residents of this community."
Adds Vincent Alvarez, president of the New York City Central Labor Council and a member of the HIT board of trustees, “Through this project, we are looking to improve access to quality healthcare, while also creating thousands of jobs for members of our building and construction trades unions, and helping to preserve union jobs for healthcare professionals."
The 15-story LEED-designed building will allow the hospital to consolidate existing services currently spread throughout its multi-site campus, while providing space for future growth in patient care. Plans for the 450,000-square-foot facility include 12 operating rooms, 12 endoscopy rooms, radiology and MRI services, primary care, and a maternity section with private rooms.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
