Collaborative living will make Smart Growth a success on Long Island
Smart Growth is a planning concept which promotes transit-oriented development in denser revitalized downtown areas that have direct access to bus and railroad transportation hubs. This development is vital to Long Island's continued prosperity and growth because it offers an environmentally friendly solution to the region's shortage in housing, lack of open space and reliance on the automobile. Smart Growth encourages the redevelopment of downtown areas with mixed use compact buildings and affordable housing achieved through flexible zoning regulations and regional long-term planning. The appeal is an urban lifestyle in a suburban setting.
One of the manifestations of this trend is the encouragement of apartment units over retail stores or offices. Once frowned upon by many municipalities, such mixed uses are now considered a positive downtown planning scheme that is integral in revitalizing stores in downtown areas. This type of mixed-use development promotes walkable communities that are less dependent on automobiles. It also offers the convenience and energy of downtown living with amenities such as restaurants and entertainment, as well as retail uses for basic every day needs. Towns and villages are now amending their zoning regulations to permit, or even encourage, developers to undertake such projects.
To implement this type of Smart Growth development, changes in public policy and zoning regulations must be made by state and local governments. Developers, architects, engineers, attorneys, elected officials, civic leaders, and local businesses must work together to develop a plan that meets the specific needs of their community. It is this collaborative effort that will make Smart Growth successful in the Long Island region and regions nationwide.
Andrea Tsoukalas, Esq., is a partner at Forchelli Curto, Deegan, Schwartz, Mineo, Cohn & Terrana, LLP, Uniondale, N.Y.
Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.