ELMHURST — The owners of a former hospital that has been vacant since 2009 are set to begin leasing nearly 150 apartments and penthouses in the former healthcare space "soon," according to a report.
The former St. John's Hospital building and an adjacent parking garage was bought by a group of global investors in December 2013 for $55 million, and they are in the process of turning the seven-story building into apartments with commercial space on the lower floors.
Developers of the more than 266,000-square-foot building on Queens Boulevard between 57th Avenue and Woodhaven Boulevard, which used to be St. John's Hospital, obtained a $32 million loan to help finish the project, according to The Real Deal.
A co-founder of one of the groups involved in the project, Josh Zegen of Madison Realty Capital, told the site that they will begin leasing space in the building "soon," the Real Deal said.
Zegen said the building will eventually include 144 studio, one-and two-bedroom rental apartments — with eight top-floor penthouses that have 15-foot ceilings and private roof decks.
Prices would be around $40 per square foot the Real Deal said.
The second floor will be community space, although it's not clear what kind, and retail shops will be on the ground floor and the basement.
Calls to Madison Realty Capital and Winick Realty were not immediately returned.