Fortis shows off first renderings of Polhemus condo conversion in Brooklyn

Teaser website offers details on the 17 condos, 8 townhouses at LICH site

New York /
Aug.August 17, 2016 12:36 PM

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 900,000 square feet of market-rate housing plus 225,000 square feet of 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 


Related Articles

arrow_forward_ios
Fortis' Jonathan Landau with Olympia Dumbo (Fortis Property Group, Olympia Dumbo)
Fortis’ Olympia Dumbo on track to be Brooklyn’s most expensive building
Fortis’ Olympia Dumbo on track to be Brooklyn’s most expensive building
JDS Development Group’s Michael Stern and 111 West 57th Street; Fortis Property Group’s Jonathan Landau and Olympia Dumbo (Olympia Dumbo, 111 West 57, Fortis Property Group, iStock)
Rising rates slow new development sales in Brooklyn, Queens
Rising rates slow new development sales in Brooklyn, Queens
NYC new development sales stay hot, but prices show signs of stabilizing
NYC new development sales stay hot, but prices show signs of stabilizing
NYC new development sales stay hot, but prices show signs of stabilizing
Unit 16A at 30 Front Street (StreetEasy, 30 Front Street)
Condo at 30 Front Street leads Brooklyn contracts — again
Condo at 30 Front Street leads Brooklyn contracts — again
A photo illustration of 36 Grace Court in Brooklyn (iStock, StreetEasy)
Century-old townhome with Verrazzano view leads Brooklyn luxury market
Century-old townhome with Verrazzano view leads Brooklyn luxury market
Seaport Residences (Google Maps)
Fight is on for “leaning” Seaport tower after mediation falls apart
Fight is on for “leaning” Seaport tower after mediation falls apart
(iStock)
New development activity spikes in February — even in Queens
New development activity spikes in February — even in Queens
Fortis Property Group CEO Jonathan Landau and 30 Front Street in Brooklyn (Olympia Dumbo)
Fortis’ Olympia Dumbo snags $284M refi
Fortis’ Olympia Dumbo snags $284M refi
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...