Long Island College Hospital

Real Estate Wire

111 West 57th Street, SHoP Architects, skinniest tower in the world, NYC supertalls, tallest buildings, 432 Park Avenue
  • 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)

New Developments

Long Island College Hospital exterior

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

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