Fortis wants $79M sellout for 25 BK condos
Project is just one of a handful of condominiums the developer is bringing to the Cobble Hill LICH site
Jonathan Landau and Joel Kestenbaum’s Fortis Property Group is looking to sell 25 apartments at 5 River Park for a total of $78.9 million, an offering plan filed with the New York State Attorney General’s office shows.
Landau did not immediately return a request for comment.
The developer applied to test the market for condos at 5 River Park last spring, along with 91 Pacific Street (94 condo units) and 350 Hicks Street (48 condo units). Previously, Fortis considered bringing affordable housing to the site, but only if it could obtain a rezoning allowing for a height increase at its new towers. The company ditched those plans in 2016 and moved forward with an as-of-right market-rate project.
Last month, Fortis reported in AG filings that its condo conversion at 100 Amity Street—one of the original LICH buildings—had 58 percent of the units under contract.