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By Accord Real Estate Group

Brooklyn’s Cobble Hill Neighborhood Long Island Community Hospital Update

May 29th 2015
Tags: Real Estate News, Brooklyn Real Estate

The legal battle continues over SUNY’s sale of Long Island Community Hospital properties to Fortis Property Group.

The Supreme Court Appellate Division in Brooklyn will decide whether to overturn SUNY’s decision to sell the hospital property to Fortis.

The Concerned Physicians of LICH is one of the groups fighting the sale. Their goal is to have the property sold to a developer who will have a full service hospital as part of their project.

Many local Brooklyn real estate companies and real estate agencies have watched this drama unfold over the last 2 years.

The legal battle may not be over but developer Fortis Property Group presented their plans for the LICH site to The Cobble Hill Association this past Monday.

Ron Moelis, Co founder of Fortis partner L&M Development Partners told the group at Monday’s meeting “we have to do responsible design”. He continued to say “he hoped that the companies would be engaging in a conversation with the community to make it positive for the neighborhood”.

The two plans that Fortis presented to the Cobble Hill Association were an “as of right” proposal with no review necessary by the Uniform Land Use Review Procedure and a proposal going through the ULURP process which would enable Fortis to double the amount of development allowed compared to “as of right”.

The “as of right” proposal would include a 44 story tower on Pacific Street, between Henry and Hicks Sts, a 19 story tower on Hicks between Pacific and Amity Sts and a 14 story building where the parking garage is now on the corner of Atlantic Avenue and Hicks Street.

The ULURP proposal would include 892,000 square feet (600 units) of market rate housing and 223,000 (220 units) of affordable housing with 450 parking spaces.

The former LICH site has been a source of much frustration and anger for local residents who are unhappy about the loss of a local full service hospital, potential strain on resources and overcrowding in their quiet and lovely neighborhood.

For more information on Cobble Hill Real estate call us at 718-375-2065.

If you are planning to sell your Brooklyn property, whether residential, commercial, mixed use, multi family, vacant land, Co op or Condominium, call Jeff and Anna. You will be very happy that you did.