Development Possibilities Are Everywhere.

Opportunities for development -- or re-development are everywhere you look. Not sure? Try this on for size in New York City.

The city's famed Bellvue Hospital, bilt in 1931, long a place for mental patients and criminals with severe mental problems, may soon be developed into an upscale hotel. Crazy idea? Sorry, bad humor there. Still, a hotel was not the first suggestion, just the one that makes most sense. Actually, the initial development plan was for condos.

"There are long corridors, and the rooms aren't very big," she said.
Even though officials expect the hotel and convention center would be marketed toward medical professionals and families of patients at nearby hospitals, it would be up to developers to deal with the building's sordid past.

"Not many hotels can claim Norman Mailer, Edie Sedgwick and Charlie Parker all spent the night, but the psych ward housed fewer sax players than ax murderers, said Dr. Frederick Covan, who for 14 years was its chief psychologist."

Read the story on development possibilites here.