For years, Riverhead Town officials have been trying to come up with ways to revitalize downtown, which many feel has suffered as a result of the onslaught of big box retail stores on Route 58.
In the past year or so, many of the national chain stores that had Route 58 locations ran into financial difficulties that many feel were brought on by online shopping. As a result, a number of big box stores on Route 58 closed. READ
New York’s lieutenant governor and the Suffolk County executive joined local officials Monday for a “ribbon cutting” to celebrate the opening of Peconic Crossing, a 45-unit affordable rental project in downtown Riverhead. (more…)
Frances Twyman is a great-grandmother from Riverhead.
She lives in emergency housing and more than 80 percent of her income goes to rent. READ
The developers of Peconic Crossing, a 45-unit affordable apartment project proposed for West Main Street in Riverhead, will receive $350,000 from Suffolk County to pay for infrastructure improvements such as sidewalks, lighting and drainage. READ
The former Sears property in downtown Riverhead could be developed with a five-story, 170-unit apartment complex that would feature a mix of affordable and market-rate rentals. READ
Peconic Crossing, a 45-unit, five-story “workforce housing” apartment building proposed on West Main Street, will get a 100 percent property tax abatement on the value of the improvements for 10 years, under a decision made by the Riverhead Town Industrial Development Agency Monday. READ
Two projects received tax incentives from the Riverhead Industrial Development Agency Monday, and two others began the process of applying for them. READ
The Riverhead Industrial Development agency will have a busy meeting next month, when two large downtown apartment projects are scheduled to make presentations and the board also decides the fate of a controversial hard cider distillery’s request for IDA benefits. READ