Thursday, July 18, 2013
Developer looking to bail on St. John's project
The site has been "gutted to the steel and concrete" - but at least they put in new windows.
This can be yours for the low, low price of only $55 million!
Posted by Queens Crapper at 12:54 AM
Labels: BSA, developers, Elmhurst, real estate, St. John's Queens Hospital
I seem to remember they paid far less than 55 million to buy this property. I think a huge profit cannot be considered a "bail."
It's a dive sitting in the middle of a disgusting dump...and just feet away from Popeyes Chicken....
Who says they are going to get $55M? And starting a construction project and then stopping and selling is pretty much the definition of bail.
bail: "To abandon a project or enterprise."
Maybe with Cecilia Chang gone, St. John's isn't getting the notoriety or cash flow it used to.
Anon 4: Snarky but stupid. Yes, Cecilia Chong is "gone" is the form of a movie-of-the-week quality suicide. However, St John's Hospital never had any connection to St John's University.
Here is a novel idea, put a Hospital there!
How did they get permission to put a Popeyes there? It's a great location. It's very sad the hospital had to close and now the guy can't even do anything with it.
Post a Comment