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Fortis Property Group
Fortis Property Group is a privately held real estate investment and management company. Based in Brooklyn and founded in 2005, Fortis has developed upwards of $3 billion in commercial real estate, mainly Class-A office space and retail, as well as multifamily residential throughout Manhattan. While many of Fortis' holdings are office buildings, the firm has shied away from office space in New York City in recent years, preferring to focus instead on residential spaces downtown and in Brooklyn. Most of the firm's funding comes from senior and mezzanine debt, but it also has several high-net-worth individuals and institutions that invest with the firm. Some of Fortis' projects have garnered pushback, such as the 2015 plans to develop Long Island College Hospital in Brooklyn (Fortis bought the property the previous year for $240 million), which received backlash for the lack of affordable housing. Fortis also was sued by Jack Resnick & Sons in a trademark dispute over Fortis' use of the One Seaport name to market a condo tower near South Street Seaport.
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12/13/18
...in a crowd that included Jonathan Landau of Fortis Property Group, Ackman Ziff’s David Rabinov, MHP Real Estate Services’ David Sturner, Meridian Capital’s...
09/28/18
...of 1 Seaport, Joel Kestenbaum, and Jonathan Landau of Fortis Property Group (Credit: Fortis Property Group)
Mack Real Estate Credit Strategies has given a $66 million mezzanine...
09/19/18
...at 30 Front Street, according to records filed Wednesday.
Fortis Property Group filed plans with the Department of Buildings that call for about 250,000 square feet of...
08/30/18
...Fortis Property Group...
08/27/18
...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...
07/13/18
...Lane, an 80-unit condo tower being developed by Fortis Property Group. Officials said at the time that he was wearing a harness, but it wasn...
06/25/18
...the projects already on the market in FiDi.
Fortis Property Group, for example, is currently constructing the 80-unit One Seaport (also known as 161 Maiden Lane...
06/14/18
...the projects already on the market in FiDi.
Fortis Property Group, for example, is currently constructing the 80-unit One Seaport (also known as 161 Maiden Lane...
06/07/18
...knight, seeing opportunity in chaos: The firm backed Fortis Property Group’s controversial redevelopment of the Long Island College Hospital in Cobble Hill with a...
...the projects already on the market in FiDi.
Fortis Property Group, for example, is currently constructing the 80-unit One Seaport (also known as 161 Maiden Lane...
05/29/18
...contract last week was for a condo at Fortis Property Group’s 100 Amity Street in Cobble Hill, which went for $6.7 million. The duplex, which is...
05/21/18
...and spans 3,720 square feet. It is part of Fortis Property Group...
05/16/18
...sellout of about $478 million. That’s followed by Fortis Property Group’s 103-unit condo 2 River Park in Cobble Hill with a targeted sellout of about...
05/09/18
...to Hager’s financially embattled partner.
At 20 Bayard, Fortis Property Group came to the rescue by buying the building’s 37 unsold units, but that didn...
...to Hager’s financially embattled partner.
At 20 Bayard, Fortis Property Group came to the rescue by buying the building’s 37 unsold units, but that didn...
...sellout of about $478 million. That’s followed by Fortis Property Group’s 103-unit condo 2 River Park in Cobble Hill with a targeted sellout of about...
04/30/18
...accidents, a new concrete subcontractor will takeover at Fortis Property Group...
04/19/18
...Street in Williamsburg.
2) 2 River Park Condominium, 91 Pacific Street
Fortis Property Group is developing a 103-unit condo in Cobble Hill with a targeted sellout of about...
04/11/18
...and SMI USA's 138 East 50th Street, $297 million for Fortis Property Group...
03/12/18
...stories tall with 13 residential units.
10) 350 Hicks Street, Brooklyn
Fortis Property Group closed out February’s list with a seven-story mixed-use project in Cobble Hill. The...
02/08/18
...Island and in Chinatown, acquired the site from Fortis Property Group for $32 million, with acquisition and construction financing from Shanghai Commercial Bank, property records show...
02/02/18
...Twice this month, the DOB halted work at Fortis Property Group...
01/30/18
...and Jonathan Landau (Credit: CityRealty and Larry Ford)
Fortis Property Group is moving along with its plans to build a 440-foot-tall luxury condominium tower in...
01/25/18
...Jonathan Landau and renderings of 1 Seaport and Polhemus
Fortis Property Group is heading into the market for a total of $270 million in condominium inventory financing...
01/23/18
...Maiden Lane in September after falling 29 stories off Fortis Property Group’s condominium project 1 Seaport. – Eddie Small...
- Event Financing
- Address 161 Maiden Lane
- Neighborhood Seaport
- Borough Manhattan
- Square feet 166,636
- Price $ 66,000,000
- Publication Date 10/01/2018
- Event Date 09/27/2018
- Party 1 Fortis Property Group
- Party 1 Brokerage Newmark Knight Frank, Mack Real Estate Credit Strategies
- Party 1 Broker Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Kevin Cullinan, Jared Horowitz
- Party 2 Mack Real Estate Credit Strategies
notes
The lender issued a loan of $66 million for the Seaport property.
- Event Financing
- Address 350 Hicks Street, 95 Pacific Street, 249 Henry Street
- Neighborhood Cobble Hill
- Borough Brooklyn
- Square feet 391,900
- Price $ 297,000,000
- Publication Date 10/01/2017
- Event Date 09/05/2017
- Party 1 Fortis Property Group
- Party 2 Madison Realty Capital
notes
The development firm acquired a $297 million construction loan.
- Event Sales
- Address 239 North 9th Street
- Neighborhood Williamsburg
- Borough Brooklyn
- Square feet 68,000
- Price $ 80,000,000
- Price per foot $ 1,176.47
- Publication Date 05/01/2016
- Event Date 03/17/2016
- Party 1 Fortis Property Group, Joy Construction Corporation
- Party 1 Brokerage HFF
- Party 1 Broker Andrew Scandalios, Jeff Julien, Rob Hinckley
- Party 2 Equity Residential
notes
The multifamily residential building sold for $80 million.
- Event Residential Sales
- Building Name 545 West 48th Street
- Address Unit 103S, 545 West 48th Street
- Unit 103S
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 521
- Price $ 763,688
- Price per foot $ 1,465.81
- Publication Date 01/22/2016
- Event Date 12/23/2015
- Party 1 Fortis Property Group
- Party 1 Entity Fpg Clinton Acquisition, LLC
- Party 1 Entity 545 West 48 LLC
- Event Residential Sales
- Building Name 545 West 48th Street
- Address Unit 104S, 545 West 48th Street
- Unit 104S
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 774
- Price $ 967,338
- Price per foot $ 1,249.79
- Publication Date 12/16/2015
- Event Date 11/24/2015
- Party 1 Fortis Property Group
- Party 1 Entity Fpg Clinton Acquisition LLC
- Party 2 Patel, Nimesh A
- Event Residential Sales
- Building Name 545 West 48th Street
- Address Unit 102S, 545 West 48th Street
- Unit 102S
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 501
- Price $ 738,231
- Price per foot $ 1,473.52
- Publication Date 11/12/2015
- Event Date 10/22/2015
- Party 1 Fortis Property Group
- Party 1 Entity Fpg Clinton Acquisition LLC
- Party 2 Bezada, Jose Martin; Schenone, Vilma
- Event Residential Sales
- Building Name 540 West 49th Street
- Address Unit 106N, 540 West 49th Street
- Unit 106N
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 1,157
- Price $ 1,858,306
- Price per foot $ 1,606.14
- Publication Date 10/22/2015
- Event Date 10/15/2015
- Party 1 Fortis Property Group
- Party 1 Entity Fpg Clinton Acquisition, LLC
- Party 2 Sun, Chao
- Event Residential Sales
- Building Name 545 West 48th Street
- Address Unit 107S, 545 West 48th Street
- Unit 107S
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 1,027
- Price $ 1,400,094
- Price per foot $ 1,363.29
- Publication Date 10/21/2015
- Event Date 10/07/2015
- Party 1 Fortis Property Group
- Party 1 Entity Fpg Clinton Acquisition, LLC
- Party 2 Aponte, Alfredo; Aponte, Roxana
- Event Residential Sales
- Building Name 545 West 48th Street
- Address Unit 108S, 545 West 48th Street
- Unit 108S
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 1,092
- Price $ 1,476,463
- Price per foot $ 1,352.07
- Publication Date 10/19/2015
- Event Date 10/02/2015
- Party 1 Fortis Property Group
- Party 1 Entity Fpg Clinton Acquisition, LLC
- Party 2 Arita, Akira; Arita, Patricia
- Event Residential Sales
- Building Name 545 West 48th Street
- Address Unit 101S, 545 West 48th Street
- Unit 101S
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 779
- Price $ 999,922
- Price per foot $ 1,283.60
- Publication Date 10/19/2015
- Event Date 10/08/2015
- Party 1 Fortis Property Group
- Party 1 Entity Fpg Clinton Acquisition, LLC
- Party 2 Ruch, Loren M.; Salas, David J.
- Event Residential Sales
- Building Name 545 West 48th Street
- Address Unit 103S, 545 West 48th Street
- Unit 103S
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 547
- Price $ 763,688
- Price per foot $ 1,396.14
- Publication Date 10/16/2015
- Event Date 10/09/2015
- Party 1 Fortis Property Group
- Party 1 Entity Fpg Clinton Acquisition, LLC
- Party 1 Entity Old World Real Estate Group, LLC
- Event Residential Sales
- Building Name 540 West 49th Street
- Address Unit 110N, 540 West 49th Street
- Unit 110N
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 551
- Price $ 813,898
- Price per foot $ 1,477.13
- Publication Date 08/11/2015
- Event Date 07/21/2015
- Party 1 Fortis Property Group
- Party 1 Entity Fpg Clinton Acquisition, LLC
- Party 1 Entity Pan Manhattan LLC
- Event Residential Sales
- Building Name 540 West 49th Street
- Address Unit 105N, 540 West 49th Street
- Unit 105N
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 1,091
- Price $ 1,664,839
- Price per foot $ 1,525.98
- Publication Date 07/22/2015
- Event Date 06/04/2015
- Party 1 Fortis Property Group
- Party 1 Entity Fpg Clinton Acquisition, LLC
- Party 2 Jung, Perry
- Event Residential Sales
- Building Name 540 West 49th Street
- Address Unit 107N, 540 West 49th Street
- Unit 107N
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 507
- Price $ 748,414
- Price per foot $ 1,476.16
- Publication Date 06/18/2015
- Event Date 06/03/2015
- Party 1 Fortis Property Group
- Party 1 Entity Fpg Clinton Acquisition, LLC
- Party 2 Kim, Nam Woo
- Event Residential Sales
- Building Name 540 West 49th Street
- Address Unit 108N, 540 West 49th Street
- Unit 108N
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 803
- Price $ 1,145,531
- Price per foot $ 1,426.56
- Publication Date 06/02/2015
- Event Date 05/22/2015
- Party 1 Fortis Property Group
- Party 1 Entity Fpg Clinton Acquisition, LLC
- Party 1 Entity 540 West 49Th Street 108N LLC
- Event Sales
- Building Name 151-161 Maiden Lane
- Address 151 Maiden Lane
- Neighborhood Seaport
- Borough Manhattan
- Price $ 64,000,000
- Publication Date 10/01/2013
- Event Date 08/22/2013
- Party 1 Kay Development Group
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Helen Hwang, Nat Rockett, Steven Kohn, Jared Kelso, John LiGreci, Bruce Mosler
- Party 2 Fortis Property Group
notes
The property sold for $64 million. The 11,539-square-foot lot offers nearly 250,000 square feet of buildable space.
- Event Sales
- Address 20 Bayard Street
- Neighborhood Williamsburg
- Borough Brooklyn
- Price $ 25,000,000
- Publication Date 12/01/2011
- Event Date 10/17/2011
- Party 1 W Financial Fund
- Party 2 Fortis Property Group
- Event Sales
- Address 139 North 10th Street
- Neighborhood Williamsburg
- Borough Brooklyn
- Price $ 6,100,000
- Publication Date 10/01/2011
- Event Date 08/17/2011
- Party 1 Sanjer Raz LLC
- Party 1 Broker Evan Haymes
- Party 2 Simon Dushinsky, Fortis Property Group
Brooklyn, 11201
FPG CH 112 PACIFIC, LLC
FPG CH 112 PACIFIC, LLC
112 Pacific Street is a 10,000 square foot property built in 1930 in...
Brooklyn, 11201
Fortis Property Group, FPG CH 349 HENRY, LLC
Fortis Property Group, FPG CH 349 HENRY, LLC
The sponsor(s) filed plans on 01/10/18 for a condo project at 347 Henry...
Manhattan, 10023
WEST 6TH STREET PARTNERS, WEST 60TH ST REALTY PARTNERS
WEST 6TH STREET PARTNERS, WEST 60TH ST REALTY PARTNERS
225 West 60th Street is a 125,520 square foot building in the Upper...
Brooklyn, 11211
Fortis Property Group, FPG 237-263 NORTH 9TH PROPERTY LLC
Fortis Property Group, FPG 237-263 NORTH 9TH PROPERTY LLC
261 North 9th Street is a 49,100 square foot building built in 2015...
Brooklyn, 11211
FORTIS PROPERTY GROUP
FORTIS PROPERTY GROUP
235 North 9th Street is a 78,600 square foot building in the Williamsburg...
Brooklyn, 11201
Fortis Property Group, FORTIS MANOR LLC
Fortis Property Group, FORTIS MANOR LLC
The sponsor(s) filed plans on 08/16/12 for a condo project at 30 Henry...
Manhattan, 10038
Fortis Property Group, FPG MAIDEN LANE, LLC
Fortis Property Group, FPG MAIDEN LANE, LLC
The sponsor(s) filed plans on 05/15/15 for a condo project at 161 Maiden...
Manhattan, 10019
Fortis Property Group, FPG CLINTON ACQUISITION, LLC
Fortis Property Group, FPG CLINTON ACQUISITION, LLC
The sponsor(s) filed plans on 04/23/13 for a condo project at 540 West...
12/30/16
...StreetEasy.
161 Maiden Lane
1 Seaport Residences
161 Maiden Lane
Developer: Fortis Property Group
Projected Sellout: $272 million
Units: 80
Type: New Construction
Fortis Property Group bought this two-parcel site...
12/28/16
...under $2 million.
8. Polhemus Residences Condominium
100 Amity Street
Developer Fortis Property Group
Projected Sellout: $67.4 million
Units: 17
Type: Rehabilitation
This conversion of the landmarked Polhemus Building in...
...the 80-unit 1 Seaport, which is being developed by Fortis Property Group, and the 82-unit Steiner East Village, being developed by Steiner NYC — they purposely release...
...condos, while also doing large rentals such as Fortis Property Group’s 131-unit Atelier Williamsburg. Now with Aptsandlofts.com under the Citi Habitats umbrella, the...
08/04/15
...establish new medical facilities designed by Perkins Eastman. Fortis Property Group, which owns the site, seeks to develop the remaining space for a residential project...
Brooklyn, 11201
Fortis Property Group, FPG CH 349 HENRY, LLC
Fortis Property Group, FPG CH 349 HENRY, LLC
The sponsor(s) filed plans on 01/10/18 for a condo project at 347 Henry...
Manhattan, 10038
Fortis Property Group, FPG MAIDEN LANE, LLC
Fortis Property Group, FPG MAIDEN LANE, LLC
The sponsor(s) filed plans on 05/15/15 for a condo project at 161 Maiden...
