Foxy Development files plans for 145 units at former Parkway Hospital in Forest Hills
70-35 113th Street (Credit - Cyclomedia)
Foxy Development, led by Jeff Fox, in partnership with the property owners SYU Properties, Top Rock Holdings and RJ Capital Holdings, filed plans for a 145-unit conversion of the former Parkway Hospital at 70-35 113th Street in Forest Hills, Queens. This is the first part of the redevelopment of the site which includes the currently six-story hospital building and an adjacent vacant lot.
The 145 units will be part of the Affordable Independent Residence for Seniors (AIRS) program.
In 2021, PincusCo reported SYU Properties, Top Rock Holdings and RJ Capital Holdings bought the parcels for $31.7 million and planned to build market rate condominiums, market rate rentals as well as these affordable units.
The two tax lots have about 440,000 square feet of development rights and is currently occupied by an approximately 100,000-square-foot hospital. The seller of the parcel was Jasper Venture Group through the entity Auberge Grand Central. Parkway Hospital closed in 2008.
Jeff Fox of Foxy Management submitted a major alteration application for a renovation of 135,828 square-foot institutional (I-2) building at 70-35 113th Street in Forest Hills, Queens. The plan was filed with the New York City Department of Buildings on March 6, 2024 under job number Q01004604. It calls for the increase in size of the building from a six-story building with no dwelling units to a eight-story building with 145 dwelling units. The project is described in the filing as: convert existing six-story hospital building into an eight-story residential AIRS and community facility building, vertical and horizontal enlargement. One zoning lot and two tax lot.
A version of this project was discussed in a 2022 community board meeting, available in a pdf.
Conversion of the former Parkway Hospital
| wdt_ID | floor | comment | description | persons_permitted | occupancy_label | zoning_use | dwelling_units |
|---|---|---|---|---|---|---|---|
| 1 | Sub-Cellar - 2 | MECHANICAL ROOM | Storage of non combustible Materials | 14 | Storage | 2B | |
| 2 | Sub-Cellar - 1 | FOURTEEN (14) PARKING SPACES | Parking Garage | N/A | Storage | 2B | |
| 3 | Sub-Cellar - 1 | STORAGE AND UTILITY ROOMS | Storage of non combustible Materials | 3 | Storage | 2B | |
| 4 | Sub-Cellar - 1 | STORAGE | Storage of non combustible Materials | 3 | Storage | 4D | |
| 5 | Cellar | HOSUE OF WORSHIP | Places of Religious Worship | 357 | Assembly | 4A | |
| 6 | Cellar | HOUSE OF WORSHIP | Places of Religious Worship | 132 | Assembly | 4A | |
| 7 | Cellar | STORAGE | Storage of non combustible Materials | 2 | Storage | 2B | |
| 8 | Cellar | ACCESSORY OFFICE TO RESIDENTIAL USE (AIRS) | Apartment | 39 | Residential | 2B | |
| 9 | Cellar | ACCESSORY BUILDING RECREATION | Apartment | 30 | Residential | 2B | |
| 10 | 1 | RESIDENTIAL LOBBY | Apartment | N/A | Residential | 2B | |
| floor | comment | description | persons_permitted | occupancy_label | zoning_use | dwelling_units |
The neighborhood
In Forest Hills, The majority, or 61 percent of the 14.7 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 12 percent of the space. In sales, Forest Hills has near average sales volume among other neighborhoods with $121.6 million in sales volume in the last two years and is the 16th highest in Queens. For development, Forest Hills has near average amount of major developments among other neighborhoods and is the 15th highest in Queens. It had 322,833 square feet of commercial and multi-family construction under development in the last two years, which represents 2 percent of the neighborhood’s built space.
The block
On this tax block, PincusCo has identified the owners of two of the seven commercial properties representing 101,478 square feet of the 347,140 square feet. The identified owner is RJ Capital Holdings. There are no active new building construction projects on this tax block.
The surrounding
Within a 400-foot radius of 70-31 113th Street, PincusCo identified one commercial real estate item of interests occurred over the past 24 months. It was a loan which RJ Capital Holdings borrowed $18 million from Valley National Bank secured by this development site (V1) on August 1, 2022.
Direct link to the property’s ACRIS page and link to DOB NOW portal.