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05/14/15 1:13pm
05/14/2015 1:13 PM
A rendering of the Peconic Crossing project planned for West Main Street. (Courtesy)

A rendering of the Peconic Crossing project planned for West Main Street. (Courtesy)

A five-story affordable housing project planned for along the Peconic River in downtown Riverhead has received $5.49 million in grants from New York State.

“This is huge; I can’t underscore that enough,” explained Marianne Garvin, the president and chief executive officer of the nonprofit Community Development Corporation of Long Island, which is teaming up on the West Main Street project with a Rochester-based, for-profit developer called Conifer Realty. “Without the financing, you can have a concept and a dream and an aspiration, but you don’t have the project being built.

“This gives us the financing and the ability to actually build what we’re dreaming about building.” (more…)

04/16/15 12:00pm
04/16/2015 12:00 PM
The former West Marine building on West Main Street. (Credit: Tim Gannon)

The former West Marine building on East Main Street. (Credit: Tim Gannon)

The Long Island Science Center is no longer looking to buy the former West Marine building on East Main Street, according to board member Larry Oxman, who said the center is now looking for other space.

Mr. Oxman wouldn’t say why the Science Center is no longer interested in the West Marine building, which has been vacant since West Marine moved to Route 58 in 2011. (more…)

11/03/14 8:15pm
11/03/2014 8:15 PM
Blue River Estates that was on display at an IDA hearing. (file photo)

A rendering of Blue River Estates on display at an IDA meeting in Riverhead Town Hall in 2013. (File photo)

The Riverhead Industrial Development Agency has set a public hearing to discuss approving tax breaks for “Peconic Crossings,” an apartment complex proposed for the Long Island Science Center’s building located in downtown Riverhead.

Peconic Crossings is the new name for the proposed 48-unit rental housing plan previously called “Blue River Estates.”

The latest proposal was created under a joint partnership between Community Development Corporation of Long Island (CDCLI), a nonprofit group; and Conifer Realty, a Rochester-based real estate development and management company.

The IDA voted Monday night to schedule the Peconic Crossings hearing for Dec. 1 at 5 p.m. in Town Hall.

(more…)