Fortis’ 17-unit boutique condo at 100 Amity Street get AG’s OK

Developer eyes $67.4M sellout at LICH site

New York /
Dec.December 05, 2016 11:16 AM

Fortis Property Group’s grand plan for the former Long Island College Hospital complex in Brooklyn hasn’t yet been unveiled, but the developer’s 17-unit condominium at 100 Amity Street now has the state’s stamp of approval.

The New York State Attorney General’s office approved Fortis’ planned conversion of the landmarked Polhemus Building in Cobble Hill, which has a total projected sellout of $67.4 million. In addition to the 17 condos, plans call for 14 “other units,” the AG filing indicates.

Previously disclosed plans for the building — with an alternate address of 350 Henry Street — included the condos and eight nearby townhouses. Prices reportedly will range from $1.6 million to $6.5 million for the condos, and $6 million to $8.5 million for the townhouses. Douglas Elliman’s Fredrik Eklund and John Gomes, along with Greg Williamson and Alex Maroni, are marketing the project.

The Beaux Arts Polhemus Building is part of the Dumbo-based developer’s larger vision for the 20-building LICH complex, which has faced pushback from elected officials.

Fortis, led by CEO Jonathan Landau, recently said it would proceed with a 529,000-square-foot market-rate housing development at the hospital site, wounding the administration of Mayor Bill de Blasio. The developer had previously considered backing a rezoning that would have made way for 900,000 square feet of market-rate housing, plus 225,000 square feet of affordable housing.

This past summer, U.S. Attorney Preet Bharara began probing de Blasio’s role in the sale of the LICH site, which Fortis purchased for $240 million in 2015.

In its November issue, The Real Deal looked at the principals and origins of Fortis, which has become an active player in the city.


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