Top Rock Holdings and RJ Capital secured a $125 million loan for luxury condominiums at 70-28 Grand Central Parkway, Forest Hills. The 13-story building, designed by SLCE Architects, will feature 241 units over 254,500 square feet. The 32,000-square-foot lot, adjacent to the former New Parkway Hospital, was acquired by a joint venture including SYU Properties in 2021 for $31.7 million. Construction starts August 1 with a 30-month timeline. The site, with a troubled history, will offer studios to three-bedroom units, amenities like 100+ parking spaces, and a pool. The hospital’s future redevelopment includes affordable senior housing.
70-28 Grand Central Parkway
