Tag Archives: Robert Aquino

Former Parkway Hospital will be converted to condos

| lguerre@queenscourier.com

Photo courtesy Jasper Venture Group

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After being shuttered for six years, the site of the former Parkway Hospital in Forest Hills will be converted to a residential building.

Jasper Venture Group, a real estate investment firm, announced on May 7 that it plans to demolish the former hospital at 70-35 113th St. and construct a bigger building than the 70,000-square-feet property.

Including a parking lot, the site is more than 107,000 square feet.

The company did not release how many units the new building will have or when it is set to be complete, but said the new residential space will “breathe new life into the idle site.”

“The additional housing this project will provide when complete will be a relief to those seeking a more spacious option to the compact living New York City provides,” the company said in a release. “[T]he former Parkway Hospital will be luxurious, offering its residents a view of the lakes and their own slice of serenity.”

Parkway Hospital overlooks Grand Central Parkway and rests just outside of both Willow Lake and Meadow Lake in Flushing Meadows-Corona Park. The state closed the hospital in 2008 and it has been vacant since. The hospital filed for bankruptcy in 2005.

Former Parkway CEO Robert Aquino was sentenced to four months in jail in May of 2012 after he pleaded guilty to bribing former State Senator Carl Kruger to try to keep the medical facility open.



Shuttered Parkway Hospital to be auctioned

| mchan@queenscourier.com

The shuttered Parkway Hospital building in Forest Hills will be auctioned off at the end of the month, according to a real estate data site.

The state closed the hospital at 70-35 113th Street in 2008. It has been vacant since.

Now the 70,000-square-foot property, with an outstanding lien of nearly $15 million, is up for sale, according to PropertyShark.

A Department of Finance spokesperson said the city sold liens on the property five times since 2008. Outstanding property taxes totaled $3.7 million, according to the department.

The last deed on record was from January 1975, when Parkway Hospital Associates bought the site.

An auction for the property will take place June 28 at the Queens Supreme Court building in Jamaica, The Real Deal first reported.

Former Parkway CEO Robert Aquino was sentenced to four months in prison last May after he pleaded guilty to bribing former State Senator Carl Kruger to try to keep the medical facility open.




Former hospital exec Robert Aquino pleads guilty to bribery

| mchan@queenscourier.com

A current of corruption and conspiracy came crashing down after former Queens hospital executive Robert Aquino pleaded guilty to bribing former State Senator Carl Kruger.

According to the FBI, Aquino — the former CEO of the now defunct Parkway Hospital — confessed on Tuesday, January 3 to one count of conspiracy to commit bribery.

According to the indictment, the complaint and statements made during the plea proceeding in Manhattan federal court, Aquino made Parkway pay $60,000 to Adex Management Inc. — a company Kruger had interests in — when the hospital was slated to close in 2008.

Adex then paid half of that money to Olympian Strategic Development Corp. — a consulting company controlled by Michael Turano, who had a close relationship with Kruger — as alleged in the complaint.

Aquino admitted in court that he understood Kruger would undertake official action in his capacity as a member of the New York State Senate to help keep Parkway open in exchange for making payments to Adex.

“Robert Aquino was all too willing to make sure a bribe was paid to preserve his job as CEO of a hospital,” said Preet Bharara, the United States attorney for the Southern District of New York. “Like others in this case, he chose to fight his battle with money under the table rather than to play by the rules.”

Aquino, 54, of Glen Head, Long Island, faces a maximum potential penalty of five years in prison and a fine of $250,000. He will be sentenced on May 3.

Aquino was initially charged on March 10, 2011, along with seven others, including Kruger, Turano, Richard Lipsky, a lobbyist, Solomon Kalish, the owner of Adex, David Rosen, the former CEO of MediSys Health Network, real estate developer Aaron Malinsky and Assemblymember William Boyland, Jr.

Kruger pleaded guilty to two counts of conspiracy to commit honest services fraud and two counts of conspiracy to commit bribery on December 20, 2011, while Turano pleaded guilty to one count of conspiracy to commit bribery. Kruger and Turano are scheduled to be sentenced on April 26.