News:
Brokerage
Posted: December 17, 2019
Nassau County IDA gives preliminary approval of incentives for proposed project in Farmingdale
Farmingdale, NY According to Nassau County Industrial Development Agency (IDA) chairman Richard Kessel, the agency has given preliminary approval to a package of economic incentives for a proposed affordable housing complex.
The IDA board on November 21st gave preliminary approval to the incentives for Sterling Green at Farmingdale, LLC and D & F Development Group, LLC, of Levittown, which plans to construct a 61-unit affordable, workforce housing development on a 1.99-acre site at 860-906 Fulton St. The $31.693 million project will create 200 construction jobs.
“Workforce housing in the heart of the Farmingdale downtown district is a win-win transit-oriented development project,” says Nassau County Executive Curran. “I commend the Mayor, village board and all involved in this exciting project. This is just what Nassau County needs more of.”
“The IDA’s assistance helps developers, such as D & F Development Group to construct projects that are affordable to our residents, particularly our young people,” said Kessel.
The incentives package is subject to review by the IDA staff, a public hearing in the coming weeks and a final authorizing resolution by the IDA Board of Directors.
The Village of Farmingdale in October approved a new zoning designation for several lots on Fulton Street for workforce housing outside of its downtown.
D & F Development Group is best-known as a developer of affordable and senior housing.
Tags:
Brokerage
MORE FROM Brokerage
TF Cornerstone inks Hanover Park lease and PMG Worldwide expansion at 387 Park Ave. South
Manhattan, NY New York City real estate development firm TF Cornerstone (TFC) has completed 100,000 s/f of leasing activity over the past year at 387 Park Ave. South, highlighted by a new lease with Hanover Park and the expansion and extension of PMG Worldwide totaling more than 58,000 s/f.
Quick Hits
 (2).gif)
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
.gif)
September Promotion
