Jasper Venture Group has completed an important step in the delayed conversion of the decaying Parkway Hospital in Forest Hills, Queens. The developer entered the project, 350 market-rate rental apartments, into New York City’s Uniform Land Use Review Procedure (ULURP) for public review.

The hospital was closed in 2008 after a prolonged legal battle, and it was shortly picked up by Jasper Venture Group at auction. Original plans by the developer for condos fell through and attempts at selling the property were unsuccessful. Since 2016, they have been working with local officials to convert the site into affordable housing.

The group plans to add two stories to the existing six-story structure and build 135 market-rate apartments, including senior housing. It also wants to build an additional 216 apartments in a 14-story tower on the property.

The first step in the public review process is the local community board and the Queens Borough President; then proposal will be reviewed by the City Planning Commission, followed by the City Council, and the Mayor.

Article by: Katya Demina