Caledonian Hospital was downgraded to a health center a few years ago. Now it's losing it's status as a healthcare institution altogether and the complex is for sale.
The complex at 123 Parkside Ave. includes four buildings and parking. Considering that this property lies right on Prospect Park, there's little doubt that a developer will turn it into condos - given the neighborhood there's no other logical use. Residential FAR is over 222,000 sqft.
Stay tuned - a condo development of this size could spell big changes in the area.