|Search more Real Estate News on 98 real estate sites|
Bellone, Krupski, LaValle and Riverhead Officials Announce Support for Continued Downtown Revitalization of Riverhead
Riverhead, NY – December 3, 2013 – (RealEstateRama) — Today, County Executive Bellone was joined by Suffolk County Legislator Al Krupski, NYS Senator Ken LaValle, Riverhead Town Supervisor Sean Walter, the Long Island Housing Partnership, the Woolworth Revitalization LLC and a host of community members to announce support and the submission of legislation to provide $250,000 in capital funds to offset infrastructure costs associated with utility improvements, drainage and excavation for the rehabilitation of the old Woolworth building in downtown Riverhead.
“The revitalization of Suffolk’s downtowns is critical to a sustainable economic future for Suffolk County,” said County Executive Bellone. “The lack of quality affordable housing is an ongoing challenge, one we are committed to conquering. Not only will this building continue to further the efforts of revitalizing downtown Riverhead and provide for much needed affordable rental housing but during the construction phase of the project 125 construction jobs will be created with an additional 100 retail jobs created once the project is completed.”
The site of the old Woolworth building will now be the home of a mixed use development, inclusive of 25,000 square feet of retail space of which the developer, Michael Butler, has secured two anchor tenants Maximus Health Club and a Goldberg’s Famous Bagels. The upper level will include 15,000 square feet of 19 affordable rentals including 6 studios, 10-one bedroom apartments and 3-two bedroom apartments. All of the rental units will be affordable to households under 80% of the HUD area median income.
“It’s the right project, in the right place, at the right time,” stated Senator Kenneth P. LaValle. “It will bring people downtown and continue to ignite a vibrant downtown area.”
“The rich history of Riverhead is truly important to the residents of Riverhead and Suffolk County,” stated Supervisor Sean Walter. “The commitment of the Woolworth Revitalization LLC to develop the old Woolworth building and preserve the historic nature of this structure is to be commended. This development will continue the efforts of revitalization and add to the much needed housing stock on Long Island.”
Michael Butler, Developer and Managing Member of Woolworth Revitalization LLC stated, “We are pleased to be a partner in revitalizing the historic downtown of Riverhead. Our project will continue to compliment the revitalization efforts already underway in Riverhead and will provide for affordable rental housing. Many of our young people continue to relocate off Long Island because they want to be in bustling downtowns and want to live somewhere where they can afford. The Woolworth Revitalization LLC, is helping to fill that void while at the same time preserving the historic nature of Riverhead’s downtown beauty.”
“The Long Island Housing Partnership is honored to work with Suffolk County and all the partners to bring these workforce rental units to downtown Riverhead,” stated Peter Elkowitz, President-Long Island Housing Partnership. “These types of smart growth developments are essential in building economic growth in Downtowns by creating commercial space to bring businesses, thereby creating jobs and also creating an affordable place for the residents to live.”
Suffolk County has continued to support downtown revitalization efforts throughout County with Riverhead’s efforts receiving more than $3 million in support from the County under downtown revitalization grants, land acquisition and infrastructure improvement funding.
Recently, the County also provided financial support to Summerwind Square- a 52 unit all affordable mixed use development which supported the redevelopment of blighted lots on the Peconic River in downtown Riverhead. The development contains 52 rental units, 4,000 square feet under lease to Bridgehampton National Bank and 4,000 square feet under lease to Joe’s Garage restaurant.
- Deadline Extended for Affordable Rental Apartments in Downtown Riverhead
Hauppauge, NY - April 2, 2013 - (RealEstateRama) -- County Executive Steve Bellone today announced that the County is extending the deadline to apply for 52 new affordable rental apartments located in the new Summerwind Square development in downtown Riverhead until May 1, 2013...
- Bellone Applauds Approval of $1.7 Million in Infrastructure Improvements for Wyandanch Rising
Hauppauge, NY - March 21, 2013 - (RealEstateRama) -- On March 19th, the Suffolk County Legislature approved $1.7 million in funding for infrastructure improvements to support the development of affordable rental housing in the hamlet of Wyandanch. This housing project is part of a comprehensive plan, Wyandanch Rising, to revitalize one of the most economically distressed communities in Suffolk...
- Bellone: “From Amityville to Amagansett, Suffolk County Making Progress on Housing”
Hauppauge, NY - March 6, 2013 - (RealEstateRama) -- County Executive Steven Bellone today released a progress update on county housing initiatives that he credits with providing a diverse mix of affordable rentals for veterans, seniors, and young families, creating homeownership opportunities for hundreds of first time homebuyers, and contributing to neighborhood stabilization and the renaissance of Suffolk County’s historic...
- NYS Affordable Housing Corporation Approves $195,000 to Riverhead to Upgrade 26 Homes
NEW YORK – June 12, 2008 – The board of the New York State Affordable Housing Corporation (AHC) has approved a $195,000 grant to the Town of Riverhead to finance home improvements on 26 single-family homes. “This grant is part of the Affordable Housing Corporation’s continuing effort to improve the aging housing stock on Long [...]...
- Bellone Announces Suffolk County Sewer Infrastructure Program
Hauppauge, NY - April 8, 2013 - (RealEstateRama) -- Today, County Executive Steven Bellone announced that applications for a competitive grant and loan program will be made available on April 5, 2013 for construction-ready municipal and private sewer infrastructure expansion projects within Suffolk County. With less than 25% of Suffolk County currently served by sewage treatment facilities, this program will...
- Senate Democratic Leader Andrea Stewart-Cousins Urges Communities To Apply for the New NY Bridge’s $20 Million Community Benefits Program
- NYCHA residents to get swifter capital repairs and access to union jobs and training through newly signed labor agreement with building trades union
- Rose Associates Named Managing And Leasing Agent At The Nathaniel In Manhattan’s East Village On Behalf Of Wafra Investment Advisory Group, Inc.
- SL Green Signs Swatch for Balance of Retail Space at 1515 Broadway
- Taxpayer Savings from Property Tax Relief Program
- NYCOM Conference, Ribbon Cuttings and Equity Fund Forum Highlight Trip to Finger Lakes Region
- CKX Declares December 31st Record Date for Dividend of FX Real Estate and Entertainment Shares
- Jones Lang LaSalle Hires Seasoned Industrial Real Estate Professionals to Strengthen Client Services in Long Island
- First Affordable Housing Development in Brooklyn with Solar Panels
- “Green” Forum Highlights 545 Madison Avenue as Showcase of Sustainability
- New York State Senate Confirms Bill Myers to the Board of the State of New York Mortgage Agency
- New York State home sales continue to post gains compared to 2009
- Gillibrand Introduces Solar Energy Legislation
- HDC Board Approves $55.5 Million in Tax-Exempt Multi-family Housing Revenue Bonds
- Diversity Works’ Unique Model Combines Permanent Supportive Housing and Family Preservation Services