No Condos at St. Mary's Hospital building

... the new owner has already leased the building to Prospect Park Nursing Home:

Shuttered Crown Heights Hospital Will Not Become Condos | Brownstoner -

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

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/

update: http://www.brooklyneagle.com/articles/2014/10/29/whatever-happened-st-marys-hospital-and-what-about-baptist-medical-center

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

Press: http://www.brownstoner.com/blog/2015/02/rendering-details-for-abandoned-hospital-that-will-become-nursing-home-in-crown-heights/?ic_source=icma

GREAT NEWS!

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. 

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.

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.

related thread updated: http://www.brooklynian.com/discussion/43871/no-condos-at-st-marys-hospital-building#latest