The Real Deal New York

Fortis plans $113M sellout for 1 River Park

Together 1, 2 and 5 River Park will contain 176 units with a projected total price of $413M
By Will Parker | August 27, 2018 01:30PM

From left: 1 River Park in Brooklyn, Joel Kestenbaum, and Johnathan Landau of Fortis Property Group (Credit: Curbed NY and Fortis Property Group)

The last condominium building in the second phase of the Long Island College Hospital redevelopment will hold 48 units and go on the market for a total price of $113 million, an offering plan filed with New York State Attorney General’s office shows.

Fortis Property Group’s 1 River Park is the last of three new construction condo buildings under development at the former Cobble Hill hospital. Fortis filed offering plans for 2 and 5 River Park earlier this year. Combined, River Park will offer 176 apartments with a projected total sellout price of $413 million.

Fortis’ Jonathan Landau did not immediately respond to a request for comment.

The developer went ahead with an as-of-right project at the site after talks with the city to build taller and include affordable housing broke down in 2016.

Apart from the three River Park condo towers, Fortis previously converted other buildings at the LICH campus, such as 100 Amity Street.