Brooklyn Hospital Center in talks to sell building on Fort Greene campus

21-story medical property set for resi redevelopment, with offers as high as $115M

Apr.April 18, 2016 03:20 PM

The Brooklyn Hospital Center is shopping around a 21-story medical building on its Fort Greene campus, with bids for the property coming in as high as $115 million.

A Cushman & Wakefield team led by Bob Knakal is handling the sale of the 150,000-square-foot property at 240 Willoughby Street, known as the Maynard Building. It currently holds offices used by doctors and medical staff for outpatient visits, as well as staff residences.

A successful bidder would be able to knock down the building and replace it with a larger residential tower potentially twice the size – up to 330,000 square feet, according to Crain’s.

The Brooklyn Hospital Center intends to use proceeds from a deal to help finance a recently outlined 25-year plan to update and build new medical facilities on its campus, which spans a whole block next to Fort Greene Park. The hospital intends to continue to lease and remain in the Maynard Building until 2019.

A new residential development at the site of the building could also include a private entrance to Fort Greene Park, a feature that would be unique to the property.

Nearby in Cobble Hill, the future of the Long Island College Hospital site – where developer Fortis Property Group is planning a residential redevelopment – is as yet unresolved, with Mayor Bill de Blasio’s administration recently intervening to work out a compromise with local politicians and community groups. [Crain’s]Rey Mashayekhi

Related Articles

85 Adams Street (Credit: Google Maps, iStock)

Dumbo condo was Brooklyn’s priciest contract last week

362 Clermont Avenue and 541 1st Street in Brooklyn (Credit: Google Maps)

Fort Greene townhouse was Brooklyn’s priciest contract last week

Brooklyn Hospital Center at 121 DeKalb Avenue in Brooklyn (Credit: Google Maps)

Brooklyn Hospital Center plans land sale amid redevelopment

The development site at 98 Dekalb Avenue and Rockrose Development's Justin and Henry Elghanayan (Credit: Google Maps)

Rockrose is moving into Brooklyn

Residential dev site in a LIC Opportunity Zone hits the market

Residential dev site in a LIC Opportunity Zone hits the market

From left: Fredrik Eklund, Bob Knakal, and John Gomes (Credit: Getty Images)

New details emerge as Fredrik Eklund’s beef with Bob Knakal continues

From left: Fredrik Eklund, John Gomes, 25 Mercer Street, and Bob Knakal (Credit: Getty Images and Google Maps)

Fredrik Eklund and John Gomes throw shade at Bob Knakal amid commission dispute

Fort Greene dev site up for sale asking $65M

Fort Greene dev site up for sale asking $65M