Fortis Property Group will no longer seek rezoning for the Cobble Hill project
Developers of the Long Island College Hospital conversion has announced plans to move forward with their luxury high-rise, no longer seeking a compromise with the project’s opponents and Mayor de Blasio’s administration for rezoning, reports the New York Post.
Fortis Property Group has grown tired of the back and forth over the fate of the Cobble Hill site that is slated for residential redevelopment. The development firm preferred to proceed with the ULURP plan which would’ve allowed for low-income apartments, retail, and mixed-use space. This plan would’ve required rezoning to allow for taller towers in the low-rise neighborhood but community residents were not impressed with the developer’s plans.
After failed negotiations, Fortis will proceed with their "as-of-right" plan that grants them the ability to build 35-story market-rate residential tower with zero affordable units across 529,000 square feet of space.
"Based on the high demand for community facility space at this premier location, timing and other development factors, an as-of-right redevelopment is the most profitable," said Fortis president Joel Kestenbaum.
Mayor de Blasio was hoping that the former hospital would be converted into a mixed-use development with 900-square-feet, more than 200 affordable units, a public school, and public space for the community. "This is not the plan we wanted, and nobody won here," De Blasio spokeswoman Melissa Grace told the Post.
Meanwhile, the sale of the hospital site remains under federal investigation.
- Former hospital will be turned into luxury high-rise [New York Post]