The project involves the conversion of a landmarked former Long Island College Hospital. ICS asserts in the filing in the State Supreme Court that the real estate investment company had it perform work on the project, wrongfully fired the firm this month without paying and is now seeking to collect from an insurance policy, thus potentially ruining ICS’ credit and reputation.
The construction company is seeking at least $3.4 million from Fortis along with interest and to block Fortis from firing it and collecting on the insurance, Crain’s reports.
ICS Builders says in the claim that Fortis and the project’s architect, BKSK, are responsible for delays that set back the construction schedule.
Fortis is converting 350 Henry St. into a 17-unit luxury condo.