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Fortis Property Group Offers Two Plans for Site of Long Island College Hospital

as-of-right option, 434' tower



land use review, 408' tower.


[...]
A so-called as-of-right plan, which requires no city or community approvals, includes 528,935 square feet of market-rate apartments and what Fortis labeled on documents as a 262,555 square-foot “community facility.”

Mr. Storey said Fortis was “seriously considering” using that space as dormitories for college students, and has received unsolicited interest from colleges and universities.

The plan includes no affordable housing or retail space, but does set aside 23,375 square feet of public open space.

The other plan, which would be required to undergo an extensive, land-use review by city agencies, has a different mix: 900,000 square feet of market-rate residential space (or roughly 900 apartments); 10,000 square feet of neighborhood retail, 225,000 square feet of affordable housing, and a 40,000-square-foot K-5 public school.

That proposal also includes 27,661 square feet of public space, largely from consolidating and refurbishing current public space into two large parks on either side of Henry Street.
[...]
 

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Discussion Starter · #2 ·
this is moving forward following the granting of an easement on neighboring properties to allow for demolition:

http://therealdeal.com/2016/02/19/fortis-long-delayed-demolition-at-lich-site-to-move-forward/

[...]
Fortis bought the former hospital buildings for $240 million, and wants to knock down two buildings — one 12 stories, the other eight stories — at the site. But to do the demolition work, the developer needs access to neighboring properties, including 86, 88, 90 and 92 Atlantic Avenue.

One of the neighboring property owners, listed as Tulip Associates LLC, was not cooperating, according to documents filed with Brooklyn Supreme court. The two parties reached a court-stipulated agreement this week, Fortis spokesman James Yolles told DNAinfo.

“This matter has been resolved. We are continuing with scaffolding installation, and when that process is finished we will begin demolition,” Yolles said.
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Discussion Starter · #4 ·
This mega-development is now known as River Park Brooklyn. Financing has been secured for the first phase - 3 new buildings, townhouses and a renovation of the historic hospital tower into condos.
The tallest building will be a highrise of 411' and 28 floors according to DOB filings.

https://commercialobserver.com/2017...truction-loan-for-brooklyn-mixed-use-project/

[...]
The new construction loan proceeds will be used to retire the previous bridge loan and also complete construction of the three residential condominium buildings, including a waterfront tower at 350 Hicks Street (rebranded as 1 River Park); a high-rise condominium tower at 95 Pacific Street (2 River Park) and a contextual condominium building at 349 Henry Street/112 Pacific Street (5 River Park).
 

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Discussion Starter · #5 ·

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Discussion Starter · #8 ·
One River Park, 256', 19 floors

[url="https://www.nytimes.com/2018/04/26/realestate/terraces-to-look-at-and-linger-on.html?rref=collection%2Fsectioncollection%2Frealestate&action=click&contentCollection=realestate&region=rank&module=package&version=highlights&contentPlacement=7&pgtype=sectionfront]Terraces to Look At and Linger On[/url]




 
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