Overseas team hopes to turn vacant J.B. Thomas Hospital into an over-55 community in Peabody

PEABODY — An overseas development team hopes its fourth attempt to turn the vacant J.B. Thomas Hospital into an over-55 community will win city and neighborhood support. Hemisphere Development Group, a Chinese company with an office in Boston, has reintroduced King’s Residence. The revised project would include 110 one- and two-bedroom condominiums for seniors starting…