The owner of the Kreischer Mansion has delayed plans to build an active-adult community on the site in Staten Island's Charleston neighborhood until the market stabilizes, but is accepting proposals to donate the 19th century brick magnate's home to a charitable organization.
Turning over the landmark hilltop mansion to charity has been part of Ohio-based developer Isaac Yomtovian's master plan since he purchased the five-acre estate in 1999 for $1.4 million.
He just expected to do it after breaking ground on Kreischerville, an upscale, maintenance-free condominium development for adults 55 and over.
"I am not waiting until the market is 100 percent recovered to begin construction, but I have to see some stabilizing factor," Yomtovian said. "Either way, I don't want to delay the donation process any longer."
The criteria for interested organizations is two-fold: They must be in good standing with the financial wherewithal to maintain the 10-room home, and their mission must be compatible with the Kreischerville project -- such as a museum, art gallery, religious organization or a college.
Developer puts Staten Island senior housing plan on hold