Loft conversions save ailing hospitals.(Brief Article)(Statistical Data Included)

Urban health care facilities become heart of new residential development

Dwindling revenues caused by tighter federal reimbursements for Medicare patients and a reduction in inpatient care have forced several private hospitals across the nation to close. While shuttered hospitals have fallen victim to the wrecking ball, some urban facilities are undergoing reconstructive surgery to attract the thriving residential market in metropolitan areas.

Located four blocks from downtown Denver, historic St. Lukes Hospital is one such property being saved from demoliti