From Crains:
The former St. John's hospital building on Queens Boulevard near the Queens Center Mall has been acquired for more than $50 million by a developer who plans to convert the bulk of the property into apartments. A group of Asia-based investors led by the New York builder Steven Wu purchased the property for roughly $55 million and plans to spend as much as $45 million more to convert the former medical facility into rental housing and medical office space as well as to add ground-floor retail space.
The deal included the roughly 260,000-square-foot hospital building at 90-02 Queens Blvd. in Elmhurst, Queens, and also a five-story parking garage across the street at 87-28 58th Ave. that the buyer will use to provide parking space for future tenants at the property.
13 comments:
Another sign that the usa sold nyc to china.
this is hideous,do these investors think nobody is ever going to get sick or injured in that area.
the vehicle and pedestrian traffic around there is going to resemble a scene from world war z
I'm sorry for the people of Elmhurst but I'm so relieved this story did not contain the word Flushing.
There is absolutely nothing in the area to support massive housing.
Only thing within walking distance is shopping.
However, it is near the subway which would make it perfect as a dorm for Manhattan service workers.
Who needs a hospital? You think you do?
Why ask your community board about it!
Only Asians would build a residential property in such a crappy area. They can continue to overcrowd the parks in the area and Elmhurst hospital. The use of NYC Parks as personal living rooms/gambling dens by Asian immigrants is disgusting.
a quick question where are these people getting all of their money and I can surely bet when they are doing their conversions there will be plenty and I mean plenty of violations -- let us see how they will get away with this -- there is an empty apartment building right by Key Food on Queens Boulevard on 63rd Street that has been vacant for more than 4 years now -- something is wrong there for sure
Asia based investors. Of course.
I'm sorry for the people of Elmhurst but I'm so relieved this story did not contain the word Flushing.
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They have already conquered Flushing. They are looking for the next colony now.
Elmhurst is already their second colony for years now. Haven't you noticed all the shit boxes built around there?! Why can't this ethnic group build something nice and care for their communities instead of running them down to the ground! I doubt they will do the proper process of UN-contaminating this former hospital and make it safe to live in.
Retail for bottom floor:
A Chinese bakery; check cashing store; and a cheap furniture outlet.
Perfect. Can't wait!
2200 a month for a chinese shitbox. Look at all the empty apartments, beijing on the boulevard at B'way & Qns Blvd. You chinese developer slumlords, your day is coming.
Building condos along Queens Blvd between QC Mall and 60th St has never been successful with vacant spaces left and right. Stick to retail development along the boulevard. Sorry to see there will be more debt and emptiness for these developers.
RIP st johns sister Helen is flipping over in her grave.
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