By Hank Tester

MIAMI GARDENS (CBSMiami) – For decades, an abandoned hospital has stood as a highway eyesore, riddled with graffiti, just off I-95 near the Golden Glades but now there are plans for the building and the valuable land it sits on.

A new owner has spent $11 million for the 11-story building, which was once the Parkway West Medical Center.

READ MORE: Former Substitute Teacher Enreeka Nalasco Accused Of Giving Drugs To Teen Girls For Sexual Favors

The old Parkway West Medical Center has sat abandoned since 2002 but finally someone has new plans to revitalize the property (CBS4)

Abandoned since 2002, the building has been a graffiti magnet, a crime scene, an attraction for urban explorers and a scene of tragedy when a young man fell to his death in 2020.

“That stairwell does not have any railing so if you don’t pay attention, you go straight down,” explained David Bulit.

Bulit, a photographer and author, has two books out on South Florida abandoned structures. He has photographed the building interior, ravaged by weather, mold, and illegal scrappers who have stripped anything metal out of the facility.

The old Parkway West Medical Center has sat abandoned since 2002 but finally someone has new plans to revitalize the property (Credit: David Bulit/Abandoned Florida)

“It is a whole tear down, there is no way that place is salvageable,” said Bulit.

Over the years, developers failed plans, multiple ownerships, liens, and code violations have plagued any solution to the building’s fate. It has been sitting there for 20 years rotting.

“I took a security guard with me,” said Aaron Haimov from the Miami Beach based Haimov Group. “It wasn’t as bad as they say, but there was graffiti everywhere.”

READ MORE: Renewed Call For More Safety Measures After Deadly Rickenbacker Causeway Crash

Haimov often drove by the property and liked what he saw because he saw opportunity.

The building has been purchased, liens have been cleared, and development strategies are being finalized. However, one strategy is for sure, the old hospital will be demolished.

“We are looking to tear it down,” said Haimov.

What are the possibilities for the three and half acre prime property?

The old Parkway West Medical Center has sat abandoned since 2002 but finally someone has new plans to revitalize the property (CBS4)

The still-evolving plan is a 20-story hotel, an 800-rental apartment tower, and a high-end event ballroom.

“There is not really a lot of places in Miami to get married, to do events, like super nice super clean modern, not a lot out there,” he said.

The news here is the building is coming down which is something the city of Miami Gardens has wanted for years.

MORE NEWS: Divers Mark 20th Anniversary Of Sinking Spiegel Grove Off Key Largo

The new owners say they are currently negotiating with a demolition company.