State University of New York

Cobble Hill, condos, New Developments

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

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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