Fortis Property Group’s big plans to redevelop a quiet part of Cobble Hill into a three-building luxury condo development have run into trouble. Lender Madison Realty Capital has initiated a UCC foreclosure sale for the equity interests on development sites at 350 Hicks Street and 91-95 Pacific Street, where Fortis plans two condo buildings totaling 150 units. The Hicks Street building, called 1 River Park, is to rise 20 stories and contain 48 apartments above
Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, cobble hill, Fortis, Madison Realty The Real Deal New York Read More
