Bankrupt Brooklyn Hospital has a tentative buyer for its Caledonian campus, with an auction set to attract possible higher bids. The hospital signed a purchase agreement for $15 million with an investor group, 123 Parkside LLC. Sam Lehrfeld, the hospital’s president, says that while he doesn’t know the purchaser’s plans for the site, which overlooks Prospect Park, “I’d like to see housing there, something the community will be happy with.” The site will not be used for another hospital or clinic.
In our opinion, this is great news. Caledonian is an awesome location for housing, being on Prospect Park and very close to the subway. As we previously reported, zoning allows for 220,000 square feet of residential space.
We also hope that news of a slew of new condos speeds the rate at which new amenities appear in PLG.