DNAinfo published a few more details on Jasper Venture Group’s plan to convert the vacant Parkway Hospital site, located in Forest Hills, to a condo development. Turns out Jasper Venture Group did not secure the building in a recent auction, like we assumed. The group already holds the mortgage on the building and, according to DNAinfo, “said that it was hoping to sell the site in a foreclosure auction, but so far that effort has not been successful.”
When 70-35 113th Street Holdings LLC — the winners of he most recent auction — missed two deadlines to pay off the price of the hospital, Jasper Venture Group came up with a new plan to convert the site themselves. The actual details of the development planned are not known; it’s likely the developers will have to apply for a zoning variance. Japsper Venture Group also hinted at demolition for the hospital, which has sat vacant since 2008. The have not yet filed any work with the DOB.