State provides  million for redevelopment of Hempstead, Riverhead and Mastic Beach

State provides $6 million for redevelopment of Hempstead, Riverhead and Mastic Beach

New York State has allocated $6 million for revitalization efforts in Hempstead Village, Mastic Beach and Riverhead Town as part of a statewide initiative to redevelop vacant and blighted areas.

Hempstead Village received $3 million to build 336 market-rate apartments in place of a parking garage that is slated for demolition.

The City of Brookhaven received $2 million to redesign a half-mile section of Neighborhood Road in Mastic Beach. And the City of Riverhead received a $1 million grant to redesign the riverfront along the Peconic River.

The funds will go toward demolishing vacant or dilapidated buildings across the state, including aging parking garages, to accelerate the development of housing projects and spur new construction in neighborhoods currently in the midst of multimillion-dollar redevelopment projects.

The Hempstead Garage on Cooper Square North is currently vacant and abandoned, said Danielle Oglesby, commissioner of the Hempstead Community Development Agency. Demolition of the privately owned three-story garage is scheduled to take place next year.

“It’s been a health and safety issue for the community and we’re very happy to receive these funds to get something going there and encourage economic development in the area,” Oglesby said. “This is really designed to stimulate development south of Jackson Street in our downtown overlay zone.”

In Brookhaven, the city will redevelop 35 vacant and abandoned properties on Neighborhood Road, state officials announced.

The $2 million grant for Mastic Beach is earmarked for a 750-space parking garage, Brookhaven Supervisor Dan Panico said. The money will be used for a 500-unit apartment building that will be the centerpiece of a multimillion-dollar, city-sponsored redevelopment of Neighborhood Road. The Beechwood Organization, a Jericho-based real estate company, is the project’s lead developer.

The proposal calls for the purchase of up to 140 properties in the downtown area. It would include 185 multifamily units, about 14,000 square feet of retail and restaurant space and 370 parking spaces, officials said.

“The parking structure costs tens of millions of dollars, the overall development costs hundreds of millions,” Panico said Monday. “This $2 million is helpful because it helps bring the project closer to the finish line.”

In Riverhead, city officials are planning a $70 million renovation of the riverfront along the Peconic River.

“Every little bit matters,” said Dawn Thompson, Riverhead’s community development director.

“The goal is to reimagine the riverfront … as a public space,” Thompson said of the larger project. “So it’s the town square; it’s a place where the community can gather.”

The grant will be used for a portion of the demolition and remodeling of a city-owned building at 127 East Main Street. That building is being rebuilt as a hotel on the east side of Riverhead Town Square by J. Petrocelli Contracting, Inc. of Ronkonkoma, the city’s lead developer for the Riverhead Town Square project.

The developer will buy the property from the city, Thompson said. The $30 million hotel will include 74 hotel rooms and 13 condominiums, state and city officials said.

“It’s part of our concept that we wanted private development there,” Thompson said. “The city benefits because we get that activation and commercial use and the jobs and economic benefit from it.”

New York State has allocated $6 million for revitalization efforts in Hempstead Village, Mastic Beach and Riverhead Town as part of a statewide initiative to redevelop vacant and blighted areas.

Hempstead Village received $3 million to build 336 market-rate apartments in place of a parking garage that is slated for demolition.

The City of Brookhaven received $2 million to redesign a half-mile section of Neighborhood Road in Mastic Beach. And the City of Riverhead received a $1 million grant to redesign the riverfront along the Peconic River.

The funds will go toward demolishing vacant or dilapidated buildings across the state, including aging parking garages, to accelerate the development of housing projects and spur new construction in neighborhoods currently in the midst of multimillion-dollar redevelopment projects.

The Hempstead Garage on Cooper Square North is currently vacant and abandoned, said Danielle Oglesby, commissioner of the Hempstead Community Development Agency. Demolition of the privately owned three-story garage is scheduled to take place next year.

“It’s been a health and safety issue for the community and we’re very happy to receive these funds to get something going there and encourage economic development in the area,” Oglesby said. “This is really designed to stimulate development south of Jackson Street in our downtown overlay zone.”

In Brookhaven, the city will redevelop 35 vacant and abandoned properties on Neighborhood Road, state officials announced.

The $2 million grant for Mastic Beach is earmarked for a 750-space parking garage, Brookhaven Supervisor Dan Panico said. The money will be used for a 500-unit apartment building that will be the centerpiece of a multimillion-dollar, city-sponsored redevelopment of Neighborhood Road. The Beechwood Organization, a Jericho-based real estate company, is the project’s lead developer.

The proposal calls for the purchase of up to 140 properties in the downtown area. They would house 185 apartment buildings, about 1,300 square meters of retail and restaurant space and 370 parking spaces, officials said.

“The parking structure costs tens of millions of dollars, the overall development costs hundreds of millions,” Panico said Monday. “This $2 million is helpful because it helps bring the project closer to the finish line.”

In Riverhead, city officials are planning a $70 million renovation of the riverfront along the Peconic River.

“Every little bit matters,” said Dawn Thompson, Riverhead’s community development director.

“The goal is to reimagine the riverfront … as a public space,” Thompson said of the larger project. “So it’s the town square; it’s a place where the community can gather.”

The grant will be used for a portion of the demolition and remodeling of a city-owned building at 127 East Main Street. That building is being rebuilt as a hotel on the east side of Riverhead Town Square by J. Petrocelli Contracting, Inc. of Ronkonkoma, the city’s lead developer for the Riverhead Town Square project.

The developer will buy the property from the city, Thompson said. The $30 million hotel will include 74 hotel rooms and 13 condominiums, state and city officials said.

“It’s part of our concept that we wanted private development there,” Thompson said. “The city benefits because we get that activation and commercial use and the jobs and economic benefit from it.”

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