Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Miami's Mercy Hospital abandons plans for luxury condos

Miami Herald, October 16, 2008

Five months after the project was rejected by the courts, Miami-based Mercy Hospital has officially given up plans to turn a portion of its campus into a three-tower condo project serving the uber-rich. Though approved by Miami City Hall, the condos had been struck down by two court decisions earlier this year. The condos were touted by Mercy as a way to raise millions toward Mercy's capital-improvements plans, and both court decisions were being appealed. "We felt that the most appropriate step for Mercy Hospital was to reengage the land as part of the hospital's long-term strategic plan," said a statement released by Mercy President and CEO John Johnson.