Waiting for the other shoe to drop in LICH-Land
Eye On Real Estate
The clock is ticking — towards Long Island College Hospital's sale closing.
They’re waiting for the other shoe to drop in LICH-Land.
LICH-Land is Eye on Real Estate’s name for Cobble Hill — largely landmarked, small-scale, utterly charming Cobble Hill, the home of Long Island College Hospital, which is closed now except for a walk-in emergency department.
When the campus of storied, 150-plus-year-old LICH changes hands in a few months, purchaser Fortis Property Group is expected to start work on massive apartment construction, bringing big changes to the Cobble Hill real estate market.
