Listing images by Tim Waltman, Evan Joseph Studios; courtesy of Compass

This four-bedroom unit at 355 Henry Street is one of three townhouse conversions inside the former Long Island College Hospital’s Lamm Institute building (previously 110 Amity Street). The French Renaissance-style structure was designed by William C. Hough and constructed in 1902. It originally served as nurses residence’s before the Lamm Institute for Developmental Disorders moved in during the 1970s. The landmarked Cobble Hill building and three adjacent lots were sold to investors in 2007 for $6 million. The modernized residence sprawls over four stories and boasts a roof deck with harbor views for the asking price of $5.4 million.

Read more

5 River Park; image credit: Williams New York.

Sales began this week at 5 River Park, the first new tower to rise in the River Park project, the seven-building masterplan redevelopment of the former Long Island College Hospital Site. The new building, whose address is 347 Henry Street, is the first to hit the market in phase two of a masterplan comprised of the project’s first three new towers, which in turn are part of Fortis Property Group‘s $240 million plan to transform the Cobble Hill facility into market-rate condos and a clinic.

Amenities, interiors this way

• JFK Airport will receive $8.9 million in federal funds for runway and airfield upgrades. [Crain’s]
• Fortis Property Group is making progress with its controversial plan to bring four apartment towers to the former site of the Long Island College Hospital in Cobble Hill. [Curbed]
• With Manhattan skyscrapers getting taller and thinner, developers are installing giant counter weights at the towers’ apex to keep them from blowing in the wind. [NYT]
• To appease local UES residents, the city agreed to build a second ramp for the Marine Transfer Station; it’ll cost an additional $30 million. [DNAinfo]
• 3 World Trade Center has reached half of its 80-story height. [Curbed]
• FAO Schwarz‘s deal to move into a new home at 1633 Broadway has fallen through. [CO]

Images: Supertall, super-skinny tower 111 West 57th Street (L); FAO Schwarz (R)

Perhaps the third time will be the charm — after multiple bids, the State University of New York may have found a buyer for its cash-strapped Long Island College Hospital. In the latest attempt to move redevelopment plans forward, Fortis Property Group has jumped in with a new deal: It’ll pay $240 million to transform the Cobble Hill facility into market-rate condos and a clinic.

Details on the deal straight ahead