News: Long Island

Terwilliger & Bartone Properties break ground on The Cornerstone: A 42-unit lifestyle rental development

The Cornerstone - Farmingdale, NY The Cornerstone - Farmingdale, NY

Farmingdale, NY As the downtown area continues to grow, a new Terwilliger & Bartone Properties development, at the train station, has generated excitement. This 42-unit lifestyle rental community, named The Cornerstone, broke ground in September, with occupancy expected June 2016. Among those 42 units, residents will be excited to know that four of them will be offered via lottery at affordable rates. 

Tenant’s of this new property can look forward to many amenities including a rooftop patio with a fire pit and barbecue built in, a club room boasting a fireplace, and a fitness center. Commuters are abuzz with anticipation of never having to leave their residence lobby until their train actually pulls into the stop. Features such as a secure virtual entry system, high ceilings, stone counters, stainless steel appliances, and a washer dryer in every unit have stirred a significant level of interest. 

The designers have thought of everything, including keeping green when possible, by building in a solar supplemental power system. With a one block walk to the many shops, restaurants, and nightlife that got the village voted the best downtown on Long Island, residents may never need to use their cars again!

The builder is Bartone & Pellerito Construction, and the architect is Ehasz Giacalone Architects.

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.