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Redevelopment Plan Emerges For Parkway Hospital


Parkway Hospital in Forest Hills and Top Rock Holdings’ Uri Mermelstein, Joseph Yushuvayev (Google Maps, LinkedIn, Getty)
Parkway Hospital in Forest Hills closed for good in 2008, and since then attempts to redevelop the 100,000-square-foot building and surrounding property have all flatlined.
Now, after a series of foreclosure auctions and scrapped proposals, a plan for its future has emerged.
A trio of new owners wants to redevelop the six-story building, with affordable units for seniors on those floors and newly built market-rate apartments over it. They would also build a 250,000-square-foot condo tower next to it, on the property.
The joint venture SYU Properties, Top Rock Holdings and RJ Capital paid $31.7 million last week for the site at 70-35 113th Street. The seller, Auberge Grand Central, once had grand dreams of its own for a residential conversion. ....

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