News: Long Island

LIREG to hold breakfast event on November 6th

Old Westbury, NY The Long Island Real Estate Group (LIREG) will host a breakfast event at the Old Westbury Country Club on November 6 featuring a look at the current status of the proposed Heartland Town Sq. “smart growth” development in Edgewood.

The headlined speaker will be David Wolkoff, principal at Heartland Business Center, the privately owned real estate company that is working to transform the former Pilgrim State Hospital property into the mixed-use Heartland development. As proposed, the development of Heartland Town Sq. will include 9,000 housing units, a million s/f “lifestyle” center, 3 million s/f of class A office space, a hotel and convention center, indoor and outdoor civic space and an aquarium.

In addition to discussing the challenges facing the immense development, Wolkoff will speak about his company and other major projects he is focusing on, including 5 Pointz Towers, a 1.3-million s/f development in Long Island City, Queens.

“Heartland is a development with the potential to change the face of Long Island,” said event moderator Alison Brennan, executive vice president at First Development Corporation and vice president of LIREG’s executive board. “Its goal is to serve as a template for more dense, walkable communities that can combat Long Island’s ‘brain drain’ by keeping our highly educated young people from moving out of the area.”

LIREG executive board aember Scott Burman, president of Engel Burman Construction and principal of the Engel Burman Group, anticipates a strong turnout on November 6. “Given the headlines and reaction – on both sides – that this project has generated, we expect a great deal of interest in this event,” he said.

The event, scheduled for 8 AM to 10 AM, is free for LIREG Members and $60 for non-LIREG members. For more information, send email to [email protected].

LIREG is a networking and philanthropic group composed of almost 400 professionals in the real estate industry and allied trades on Long Island. Since its founding in 2004, LIREG has contributed more than $1.4 million to numerous real estate-related projects undertaken by charities on Long Island.

MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.