Platinum plan: NYC hospitals' evolving real estate portfolios

On Manhattan's East Side, NYU Langone Medical Center is undertaking an exacting project by any measure; the hospital is building a state-of-the-art care pavilion and energy building that will provide primary electric service to the campus. It is also renovating its existing Tisch Hospital, all at a cost that exceeds $2 billion (that's billion, with a "B"). All told, there is more than a million square feet of space under construction on NYU's main medical campus. "When our campus transformation is complete in 2017, NYU Langone will have added more than 2 million square feet to its portfolio," Vicki Match Suna, the senior vice president of real estate development and facilities at the hospital, told Commercial Observer.