New $50M mixed-use project pitched for Bay Shore | Long Island Business News

Greenview Properties is proposing to transform a mostly blighted site in Bay Shore into a new $50 million mixed-use development. 

The plan, presented at a Town of Islip public hearing on Wednesday, would bring 156 apartments over about 14,000 square feet of medical office and retail space to a 5-acre site on the north side of Union Boulevard between 2nd Avenue and 3rd Avenue. 

The development would have 132 rental apartments to be leased to people aged 55 and over, with 24 of the apartments to be non-age restricted. 

A Greenview Properties affiliate, D&G Realty Ventures LLC, is seeking a zoning change for the 10-parcel development site from business and industrial districts to Downtown Development District to accommodate the plan. 

“We’ll be utilizing the Downtown Development District zoning to allow for the removal of blighted properties and the redevelopment of a quality residential mixed-use building,” said Larry Gargano, principal of Greenview Properties. “We think the over-55 component is appropriate because that segment of the market is underserved in Bay Shore.” 

Gargano added that the project would have “zero impact” on the school district, while providing continued support for downtown businesses and enhancing the community. 

Greenview has been actively developing multifamily projects in downtown Bay Shore in the last couple of years. The company partnered with the Pace family on the development of a $30 million, 90-unit apartment building at 11 Maple Ave. that opened in the spring. 

Last year, Greenview opened North District Lofts, a 120,000-square-foot, 90-unit apartment complex on Park Avenue. The five-story building, which has retail space on the ground level, is located a short walk to the Bay Shore Long Island Rail Road station and the downtown business district. The development earned Top Mixed-Use Project honors in LIBN’s 2022 Real Estate, Architecture & Engineering Awards. 

Once approvals are secured, Gargano said construction on the new Bay Shore project likely wouldn’t start until 2024.