[NEWS] Bankruptcy judge tentatively approves Girard Medical Center sale
From the Philadelphia Inquirer:
Pending final review, U.S. Bankruptcy Judge Magdeline D. Coleman on Tuesday said she would approve the sales of North Philadelphia Health System’s properties at Eighth Street and Girard Avenue for a combined $10.25 million.
The bulk of the property, including Girard Medical Center and the associated Goldman Clinic, a methadone clinic, will go to Ironstone Real Estate Partners for $8.5 million. Ironstone intends to maintain the property as a behavioral-health and drug-treatment center as long as it has an agreement with a care provider to operate the facilities.
Additional parcels are being sold to Project HOME, which will pay $1.75 million. It wants to build a $13 million LGBTQ-friendly affordable-housing project, with a second building planned for the future.
The bankruptcy auction was Friday.