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	<title>The Commercial Observer &#187;  St. Luke’s Roosevelt Hospital Leases Space for UWS Outpatient Facility</title>
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		<title>The Commercial Observer &#187;  St. Luke’s Roosevelt Hospital Leases Space for UWS Outpatient Facility</title>
		<link>http://commercialobserver.com</link>
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		<title>St. Luke’s Roosevelt Hospital Leases Space for UWS Outpatient Facility</title>

		<comments>http://commercialobserver.com/2012/11/st-lukes-roosevelt-hospital-leases-space-for-uws-outpatient-facility/#comments</comments>
		<pubDate>Fri, 16 Nov 2012 14:55:45 -0400</pubDate>
					<link>http://commercialobserver.com/2012/11/st-lukes-roosevelt-hospital-leases-space-for-uws-outpatient-facility/</link>
			<dc:creator>Karsten Strauss</dc:creator>
				
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		<description><![CDATA[<p><b>St. Lukes Roosevelt Hospital</b> signed a 15-year, 12,500-square-foot lease at the <b>Starrett Development</b>-owned <b>733 Amsterdam Avenue</b>. A source informed <i>The Commercial Observer</i> that the hospital paid in the high $50s per square foot for the space.<span style="text-decoration:underline;"></span><span style="text-decoration:underline;"></span></p>
<p>Starrett will build a two-story annex, separate from the rest of the largely residential building, said hospital spokesperson, <b>Jim</b> <b>Mandler</b>. The hospital will take the second floor while retail will operate underneath, he said. The hospital will use the area as a primary and specialty care outpatient facility.<span style="text-decoration:underline;"></span><span style="text-decoration:underline;"></span></p>
<p>The hospital has been searching for space for its outpatient services facility for about two years, Mr. Mandler said, employing the help of broker <b>Jeffrey Rosenblatt</b> of <b>Newmark Grubb Knight Frank</b>. <b>Michael Dubin</b> of <b>Savitt Partners</b> represented the landlord.<span style="text-decoration:underline;"></span><span style="text-decoration:underline;"></span></p>
<p>The location is ideal in that it sits between the hospitals two other locations on 59<sup>th</sup> and 114<sup>th</sup> streets on Amsterdam/10th Avenue, said Mr. Mandler. Another bonus to St. Luke’s Roosevelt’s new space is its proximity to transportation: the facility will be situated about one block from a major subway hub at 96<sup>th</sup> Street and Broadway, offering access to the 1, 2, and 3 trains. B and C train service is available two blocks east at 96<sup>th</sup> Street and Central Park West.<span style="text-decoration:underline;"></span><span style="text-decoration:underline;"></span></p>
<p>The lease is part of a larger initiative by St. Lukes – Roosevelt to bring medical care to more communities, said Mr. Mandler, and an increasing amount of services are administered through outpatient facilities like the one planned for 733 Amsterdam.<span style="text-decoration:underline;"></span><span style="text-decoration:underline;"></span></p>
<p>The hospital will continue to search for ways to expand its outpatient care capabilities, particularly in upper Manhattan, he said.  He would not say whether St. Luke’s is actively seeking more space or what specific neighborhood might be ripe for a new facility.</p>
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		<content:encoded><![CDATA[<p><b>St. Lukes Roosevelt Hospital</b> signed a 15-year, 12,500-square-foot lease at the <b>Starrett Development</b>-owned <b>733 Amsterdam Avenue</b>. A source informed <i>The Commercial Observer</i> that the hospital paid in the high $50s per square foot for the space.<span style="text-decoration:underline;"></span><span style="text-decoration:underline;"></span></p>
<p>Starrett will build a two-story annex, separate from the rest of the largely residential building, said hospital spokesperson, <b>Jim</b> <b>Mandler</b>. The hospital will take the second floor while retail will operate underneath, he said. The hospital will use the area as a primary and specialty care outpatient facility.<span style="text-decoration:underline;"></span><span style="text-decoration:underline;"></span></p>
<p>The hospital has been searching for space for its outpatient services facility for about two years, Mr. Mandler said, employing the help of broker <b>Jeffrey Rosenblatt</b> of <b>Newmark Grubb Knight Frank</b>. <b>Michael Dubin</b> of <b>Savitt Partners</b> represented the landlord.<span style="text-decoration:underline;"></span><span style="text-decoration:underline;"></span></p>
<p>The location is ideal in that it sits between the hospitals two other locations on 59<sup>th</sup> and 114<sup>th</sup> streets on Amsterdam/10th Avenue, said Mr. Mandler. Another bonus to St. Luke’s Roosevelt’s new space is its proximity to transportation: the facility will be situated about one block from a major subway hub at 96<sup>th</sup> Street and Broadway, offering access to the 1, 2, and 3 trains. B and C train service is available two blocks east at 96<sup>th</sup> Street and Central Park West.<span style="text-decoration:underline;"></span><span style="text-decoration:underline;"></span></p>
<p>The lease is part of a larger initiative by St. Lukes – Roosevelt to bring medical care to more communities, said Mr. Mandler, and an increasing amount of services are administered through outpatient facilities like the one planned for 733 Amsterdam.<span style="text-decoration:underline;"></span><span style="text-decoration:underline;"></span></p>
<p>The hospital will continue to search for ways to expand its outpatient care capabilities, particularly in upper Manhattan, he said.  He would not say whether St. Luke’s is actively seeking more space or what specific neighborhood might be ripe for a new facility.</p>
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