Fortis Property Group’s outsized ambitions for the Long Island College Hospital complex have met considerable resistance from city officials, but one element of the larger plan appears to be moving forward: the condo conversion of the Polhemus Building.
A teaser website and renderings recently went live, offering a window into the plans for the landmarked building at 350 Henry Street that’s being converted into 17 condos and eight neighboring townhouses, Curbed reported. Though Fortis is still mulling what to do with the rest of the LICH site, the developer received approval for the Polhemus condo conversion last year.
Prices for the condos at the so-called Polhemus Townhouses, along Henry and Amity streets, will range from $1.6 million to $6.5 million, while the townhouse will range from $6 million to $8.5 million, according to Fredrik Eklund, whose Eklund Gomes team is marketing the building alongside Douglas Elliman’s Greg Williamson and Alex Maroni. Sales are expected to launch in the fall.
Meanwhile, Fortis hasn’t yet decided whether it will move forward with an as-of-right, 529,000-square-foot of market-rate housing development on the rest of the LICH site or if it will push for a rezoning that would make way for a 900,000-square-foot project that would include affordable housing.
Last month, U.S. Attorney Preet Bharara began probing Mayor Bill de Blasio’s role in the sale of the LICH site to Fortis. Bharara also subpoenaed the State University of New York, seeking all communication between City Hall and the school about the sale dating back to when de Blasio first took office, the New York Daily News reported. [Curbed] — Kathryn Brenzel