Parkway Hospital Redevelopment
Update
06/28/21
NY Developers Given Loan for Former Queens Hospital
A joint venture consisting of RJ Capital Holdings, SYU Properties, and Top Rock Holdings has just received a $29.4 million bridge loan from Madison Realty Capital. The loan will be for the acquisition and development of the former Parkview Hospital in Forest Hills, Queens. Exact plans for the development have not been decided yet, however it is likely that the existing hospital building will be redeveloped for residential use. A brand new 250,000 sqft. condo building is also likely to be constructed on the property.
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