Properties like the former Stony Lodge Hospital, a children’s psychiatric hospital that closed in 2012 and has not generated any significant tax revenue since are ideal for repurposing.
The eight vacant hospital and ancillary buildings on site have been minimally maintained and their visible deterioration is a concern for residents and Town officials eager to remove this blight.
The question isn’t, “will something happen there?” …It’s “how do we develop responsibly and thoughtfully?”
Repurposing the Property
The existing dilapidated buildings will be removed and replaced with a new age-restricted ownership residential community that will consolidate, rather than expand the built footprint and, thereby:
- preserve approximately 66% of the site (11.8 acres) as permanent green space
- convert the land area for 6 of the old buildings into new green space
- maintain stands of trees
- substantially enlarge existing meadows
- create new green buffers.
River Knoll will transform the property to offer much-needed housing variety in high demand by downsizers, empty-nesters, and those seeking an active 55+ lifestyle.
Residential variety is a community amenity that adds to a Town’s desirability, not only from the perspective of those who want to stay in their community but also to all property owners who benefit from a healthy housing market with options for a variety of lifestyles.