No Condos at St. Mary's Hospital building
... the new owner has already leased the building to Prospect Park Nursing Home:
The building was previously discussed on Brooklynian relative to the controversy surrounding its potential use as a supportive housing project in CB 8, "already super-saturated with assisted living facilities" - See more at: http://www.brooklynian.com/discussion/19063/65-beds-for-mentally-ill-coming-to-st-mary039s-hospital
Last week an LLC called Buffalo Avenue Realty Associates picked up St. Mary’s Hospital at 170 Buffalo Avenue in the Weeksville neighborhood of Crown Heights for $19,500,000. The large private Catholic institution closed in 2005. Surprisingly, it
The building was previously discussed on Brooklynian relative to the controversy surrounding its potential use as a supportive housing project in CB 8, "already super-saturated with assisted living facilities" - See more at: http://www.brooklynian.com/discussion/19063/65-beds-for-mentally-ill-coming-to-st-mary039s-hospital
Comments
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In my view, it clearly speaks to the behind-the-scenes nature of this deal:
A property sits vacant, buried deep in the morass that follows a hospital that is bankrupt. ...likely fractionally owned by the creditors.
Meanwhile, a nursing home needs a new site, likely because it can no longer meet the ever increasing JCAHO and DOH regulations at its present facility.
The nursing home advises real estate pros of its needs. A suitable location is found, and investors decide that $1.5M a year would be a decent return on their investment...
Creditors are finally paid. Restrictions on using the facility in a manner that continues to benefit the health of area patients are met ....not waived. -
While I kinda liked the above plan for the site, it seems as if the owners will need to find a new contractor for the site:
http://commercialobserver.com/2014/08/contractor-charged-with-defrauding-workers-at-former-brooklyn-hospital/ -
This huge document describes how the old hospital will become a nursing home.
https://www.dropbox.com/s/gmokwlg93i2fj66/1-13-15 mtg request to cb8.pdf?dl=0 -
GREAT NEWS!
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Update: The plan is still on track, the owners are in the process of seeking BSA and City Planning permissions.
This should provide a nice economic boost to the area. The workers will likely support an off site lunch place -
Maybe even TWO offsite lunch places! Plus place to go to get: cards and flowers for loved ones in the nursing home.
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I don't know if this nursing home will be able to support all of that on its own.
It will be opening in an area where the existing residents do not have a lot of disposable income.
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But there may be a lot of people visiting 'mom' in the nursing home from outside of the neighborhood. They'll need places to go once they've blown a gasket at the bureaucracy of aging.
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related thread updated: http://www.brooklynian.com/discussion/43871/no-condos-at-st-marys-hospital-building#latest
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