Brooklyn Hospital Center plans land sale amid redevelopment

Part of 5.5-arce Fort Greene site going on market to pay for renovations

TRD New York /
Dec.December 23, 2019 09:01 AM
Brooklyn Hospital Center at 121 DeKalb Avenue in Brooklyn (Credit: Google Maps)

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

Brooklyn Hospital Center is plotting to redevelop its Fort Greene site and plans to unload some of its property along the way.

The proceeds from the sale would go toward the hospital’s planned $1.2 billion renovation and $50 million in deferred maintenance costs, according to the Wall Street Journal.

To kick off its redevelopment, the hospital will submit paperwork seeking the rezoning of its 5.5-acre site that fills an entire block adjacent to Fort Greene Park. That filing is expected to be done in a matter of weeks.

An early version of the hospital’s plan shows that it will seek to sell off about two-thirds of its current land to buyers who will build residential and commercial high-rise towers.

The hospital will fill a third of its current footprint along DeKalb Avenue and occupy a series of new towers, some of which will be at least 17 stories tall. It will also reconfigure its entranceway to be off Ashland Place, rather than DeKalb.

The renovated facility will include a cancer center, ambulatory surgery center, larger outpatient services and maternity care and will require an additional 600 employees. The 300-bed count is expected to remain the same.

The Brooklyn hospital is independent and has a track record of selling off its property to raise capital. In 2018, it sold a parcel for $95 million. The hospital reportedly considered a similar redevelopment plan 10 years ago, according to officials at two other hospital systems, though Brooklyn Hospital Center officials said they were unaware of any precedent. [WSJ] — Erin Hudson


Related Articles

arrow_forward_ios
The sites at 1900 Shore Parkway, 1894 Shore Parkway along Bay 41st Street in Gravesend (Credit: Google Maps)

Abraham Fructhandler’s FBE buys South Brooklyn sites for $58M

Heritage Equity Partners Toby Moskovits and Michael Lichtenstein

Lawsuit: Toby Moskovits, Michael Lichtenstein owe investor $3M

CenterPoint CEO Bob Chapman, 101-01 Avenue D (top) and 103-00 Foster Avenue (Credit: Google Maps)

Warehouse frenzy continues as newcomer makes $134M Brooklyn buy

ART: 51 Jay Street and from left: Martin Nussbaum, Dvir Cohen and David Schwartz

Condo owners at 51 Jay sue Slate Property Group, Adam America

(Credit: iStock)

More bidding wars for Brooklyn and Queens homes last quarter

Council Member Antonio Reynoso and a map of Bushwick Planning Framework (Click for more info)

Bushwick rezoning faces deadlock amid local opposition

CW Realty’s Cheskie Weisz  and a rendering of 251 Front Street (Credit: CW Realty and Think Architecture and Design via New York YIMBY)

CW Realty plans luxury rental at controversial Vinegar Hill site

Hudson Companies president David Kramer 

David Kramer on outer-borough development in the 2010s

arrow_forward_ios
Loading...