- Greenpoint Hospital Redevelopment Plan Flatlines [✜]
The Great American Construction Corp. pulled out of the $52-million redevelopment of the vacant medical building this summer after its senior executive William Clarke was indicted on bribery charges at a separate job.
The news halts any development at the main hospital building, which was slated to become 240 units of below-market rate apartments.
Apparently the project will go back out to bid, meaning that St. Nick's and GREC - the local groups that have been trying to do this project for years, won't be getting it. The city should make the two other bids public before going back to the well and wasting another year or three.