The Riverhead Planning Board approved a new traffic signal on Route 58 last Thursday.
The new signal will benefit the Hilton Garden Inn and Marriott Residence Inn, both of which are owned by developer Lee Browning. The hotels share an entrance and exit. READ
The developer of a 114,090-square-foot Marriott Residence Inn under construction on the west end of Route 58 across from Tanger Outlet Center is expecting the cost of the project to increase from $26,849,775 to $32,681,960, in part because of plans to install a new traffic signal on the western end of the property that will allow cars leaving the hotel property to turn east.
In a split vote Monday night, the Riverhead Industrial Development Agency voted 3-1 to give tax incentives to Browning Hotel Properties for a second hotel proposed to be built next to the existing 114-room Hilton Garden Inn on Route 58.
IDA member Dawn Thomas, a former town attorney, cast the lone “no” vote, saying she wanted more time to read information submitted by the applicant. She had asked to table the vote for a future meeting, but the other board members opposed doing so, and proceeded with the vote on the application. (more…)
A rendering of the proposed 114-room Marriott Residence Inn on Route 58.
A developer proposing to build a Marriott Residence Inn on Route 58 in Riverhead claims his bank won’t finance the project unless he secures tax breaks.