ELMHURST — The site of the former St. John's Hospital on Queens Boulevard, which has been vacant since it closed in 2009, is expected to be turned into a mix of residential and retail units, according to a report.
The seven-story hospital building and nearby five-story parking garage was purchased by a group of Asia-based investors for $55 million — more than double what it sold for after the hospital shuttered, Crain's New York reported.
The developer plans to turn the more than 265,000-square-foot building into residential units, with retail space on the ground floor and medical units on the second floor, Crain's reports.
The building, along with the adjacent parking garage, was listed last summer for $55 million and was touted for its proximity to mass transit, highways and the Queens Center Mall.
The previous owner gutted the building down to the steel and concrete and replaced the windows, according to the listing.
St. John's Hospital closed in 2009 after the company that ran it, Caritas Health Care, filed for bankruptcy. The company also closed Mary Immaculate Hospital in Jamaica at the same time.