ICS Builders sues Fortis Property Group for $3.4 million in Cobble Hill project dispute

1
188
350 henry
350 Henry (Dec. 2017) -- Google Maps image

Contractor ICS Builders has launched a lawsuit against Fortis Property Group, asserting it was wrongly fired from a project at 350 Henry St. in Cobble Hill, Crain’s New York Business reports.

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.

1 COMMENT

  1. I think Fortis has bitten off more than it can chew with all its projects in Cobble Hill, Brooklyn (screw their fake River Park name). If I had put down money on the Amity Street condos or townhouses, I’d be furious about these delays. And they’ve made the neighborhood a living hell!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.