Construction company claims it was wrongfully fired from Fortis’ LICH project

ICS Builders is seeking at least $3.4M

TRD New York /
Aug.August 30, 2018 05:01 PM

Fortis Property Group’s Jonathan Landau and 350 Henry Street (Credit: Google Maps)

The general contractor working on the conversion of part of the Long Island College Hospital is suing Fortis Property Group, claiming it was wrongfully fired this month.

ICS Builders filed a lawsuit against Fortis, alleging that the firm terminated it from 350 Henry Street in Cobble Hill without cause, Crain’s reported. The construction company also claims that Fortis is trying to cash in on a performance bond — a guarantee that a contractor will complete a project — which would hurt the contractor’s reputation and credit rating, according to the lawsuit.

While Fortis claims that ICS didn’t stick to the construction schedule and failed to provide enough skilled workers for the site, ICS blames the developer, the project’s architect, BKSK, and various subcontractors for deficient plans and unforeseen site conditions.

ICS is seeking at least $3.4 million from Fortis and is asking the judge to block the developer from kicking it off the site.

Fortis purchased the LICH site in 2015 for $240 million. The developer is converting the landmarked Polhemus Building at 350 Henry Street, also known as 100 Amity Street, into a 17-unit condo building. It has a projected sellout of $67.4 million[Crain’s] Kathryn Brenzel


Related Articles

arrow_forward_ios
Developers pulled back on advertising as online traffic and print subscriptions grew (iStock)

Real estate ad dollars vanished as pandemic spread

Real estate ad dollars vanished as pandemic spread
317 West 77th Street (Google Maps, iStock)

Townhouse owners make federal case of cell tower next door

Townhouse owners make federal case of cell tower next door
Fredrik Eklund, Julia Spillman and John Gomes (Getty, iStock)

Threatened by tech, agents turn to app

Threatened by tech, agents turn to app
(iStock)

Mortgage applications to buy homes now higher than a year ago

Mortgage applications to buy homes now higher than a year ago
155 West 11th Street and 1100 Park Avenue (FXFOWLE; Google Maps)

Manhattan luxury market shows tentative signs of activity

Manhattan luxury market shows tentative signs of activity
Clockwise from bottom left: Robert Reffkin of Compass, John Gomes, Scott Rechler of RXR Realty, Rich Barton of Zillow, Gary Keller of Keller Williams and Don Peebles of The Peebles Corporation (Getty)

“America is in crisis:” Real estate leaders address George Floyd protests

“America is in crisis:” Real estate leaders address George Floyd protests
16 Sutton Place (Credit: Google Maps)

Sutton Place co-op in turmoil over terrace fees

Sutton Place co-op in turmoil over terrace fees
Molly Townsend (Getty, iStock)

Ex-Douglas Elliman sales manager Molly Townsend joins Triplemint

Ex-Douglas Elliman sales manager Molly Townsend joins Triplemint
arrow_forward_ios

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

Loading...