ReportWire

Tag: beechwood organization

  • Zone change advances $220M Kings Park condo plan | Long Island Business News

    THE BLUEPRINT:

    • Smithtown Town Board unanimously approved a zoning change for the project

    • Beechwood’s $220M development includes 288 condos on a 71-acre site

    • Community will feature single-family homes, townhomes and villas

    • Project includes 29 affordable units and extensive resort-style amenities

     

    One of the largest multifamily housing developments in the history of Kings Park cleared a big hurdle Thursday when the Smithtown Town Board unanimously approved a zoning change for Beechwood Organization‘s proposed 288-home condominium project. 

    The $220 million project, called Country Pointe Estates at Kings Park, will bring a mix of 53 single-family homes, 153 townhomes and 82 villas to a 71-acre site near the northwest corner of Old Northport Road and Lawrence Road. 

    Rendering of the clubhouse at the planned Kings Park condo community. / Courtesy of Beechwood Organization

    The property, currently a poultry farm and woods, which had been zoned for single-family homes on half-acre lots and some light industry, was rezoned as a Planned Residential Development. 

    “We could have had on this property probably 140 to 150 three-to-five-bedroom McMansions or an Amazon-type warehouse,” Smithtown Councilman Thomas McCarthy said at the meeting. “But what we’re getting is all two-bedroom units which will help the elderly and will help the younger people of Kings Park and I think it’s a phenomenal application.” 

    Smithtown Supervisor Ed Wehrheim said he agreed with McCarthy’s assessment. 

    “I think it’s a development that will be good for the Kings Park community,” he said. 

    The condos are expected to be priced from the low $700,000s to $1 million, depending on the model and location. There will be 29 homes designated as affordable and offered at reduced prices. 

    Amenities will include a 12,000-square-foot staffed clubhouse, two heated pools, two pickleball courts, a fitness center, a yoga studio, a sports lounge, bocce courts and a putting green. 

    The next step for the project will be site-plan approval, which Beechwood principal Michael Dubb said he hopes to have some time next year.  

    “What is special about this community is that most condominium developments are six units to the acre and up, including most of the condominium developments I’ve done recently,” Dubb told LIBN. “This is four units to the acre. So there is a tremendous amount of open space that we were able to save in this community.” 

    Once approvals are received, Dubb said the Kings Park development would take about three years to complete. 

    “These communities create such a great sense of camaraderie while offering a maintenance-free alternative for people to stay here on Long Island, stay close to their roots and their grandchildren,” Dubb said. “This community will also give young people the opportunity to set up roots in a community that they might desire to raise their children in one day, whether they’re just starting a family or planning a family.” 


    David Winzelberg

    Source link

  • $500M Mastic Beach downtown plan draws support at hearing | Long Island Business News

    THE BLUEPRINT:

    • $500M revitalization to bring 630 housing units, shops, and civic space

    • Plan backed by community at Brookhaven Town Hall hearing

    • Projected $5.7M in annual property tax revenue after completion

    • Redevelopment to create over 900 jobs during ongoing operations

     

    Some 250 people packed Brookhaven Town Hall Thursday evening where a public hearing for an ambitious plan to redevelop about 40 acres in Mastic Beach drew mostly support. 

    The $500 million Neighborhood Road Revitalization project is helmed by Jericho-based Beechwood Organization, which was designated as master developer for the plan by the Town of Brookhaven in Oct. 2021. The proposed redevelopment, which covers most of Neighborhood Road and Commack Road between Maywood Road and Doris Drive, would create a mixed-use downtown area with up to 630 housing units, 133,600 square feet of commercial space, and 34,000 square feet of community/civic space, in which the existing library and ambulance company would remain. 

    Questions and comments from speakers at the hearing focused on traffic concerns and help for existing businesses.

    “This is exactly the kind of dialogue we need,” Brookhaven Supervisor Dan Panico said in a town statement. “Hearing directly from residents helps us build a plan that reflects the real needs of the neighborhood.”  

    Courtesy of Town of Brookhaven

    The town conducted a blight study of 140 parcels along Neighborhood Road and surrounding streets in 2019, which confirmed that the area had enough blight, code violations and obstacles that have deterred meaningful private investment in the area. In Nov. 2022, the town unveiled a proposed master plan that aimed to transform the area into a walkable and vibrant downtown, with new housing, retail shops, restaurants, services and public gathering spaces. 

    Eric Alexander, director of Vision Long Island, which has worked on two previous plans for the Mastic Beach area, said he is happy to see this project move forward. 

    “Great to see robust turnout for the Mastic Beach revitalization plan. Community and business leaders have been working for decades to see the type of public and private investment the redevelopment will bring,” Alexander told LIBN. “The development team and town officials spent time through this process answering questions and adapting the plan to meet local needs. This community has been waiting a long time for this type of investment, and they are very deserving.” 

    According to the project’s draft environmental impact statement, the plan creates six subdistricts, including a Neighborhood Subdistrict that would allow townhomes; a Main Street Subdistrict for mixed-use buildings with ground-floor commercial/retail space and second-floor residential and/or commercial space; a Gateway Mixed-Use Subdistrict for mixed-use and multifamily buildings up to 35 feet high; a Downtown Mixed-Use Subdistrict that would allow multifamily residential buildings up to 50 feet high with commercial uses on the ground floor; a Civic Subdistrict for cultural uses, community spaces, educational facilities, and emergency service facilities; and a Parks Subdistrict for open, outdoor, active and passive public space. 

    The plan projects a significant increase in property tax revenue, rising from the current tax revenue of just over $800,000 per year to more than $5.7 million annually, of which more than $3.4 million would go to the William Floyd School District, according to the DGEIS. 

    Following construction, the redevelopment is expected to create 680 jobs in the redevelopment area, with an indirect and induced impact of nearly 250 jobs, bringing the total employment impact to 928 total jobs during annual operations.   

    Beechwood will need some time to assemble the 143 parcels in the redevelopment area, so construction on the project isn’t expected to begin 2027. The total redevelopment is projected to take four years to complete.

    Public comments on the project are still being accepted by the town until Sept. 29.  


    David Winzelberg

    Source link

  • Beechwood ranked as top residential builder in the state | Long Island Business News

    Beechwood ranked as top residential builder in the state | Long Island Business News

    Listen to this article

    Jericho-based Beechwood Organization has been ranked as the top residential builder in New York State for the second straight year. 

    The company, also known as Beechwood Homes, earned the honor in the 2024 Housing Giants report of the country’s top home builders by Pro Builder magazine. 

    The annual industry report shows Beechwood as the 2024 leader in the state with 160 homes delivered during 2023 in Nassau, Suffolk and Saratoga counties. The homes were at Country Pointe communities in East Meadow, Plainview and Yaphank; Marina Pointe in East Rockaway; Oneck Landing in Westhampton Beach; and Oak Ridge in Saratoga Springs. 

    The report also ranks Beechwood number three by revenue in New York and number 11 of 22 builders across the Mid-Atlantic region which includes New York, New Jersey and Pennsylvania. 

    “It is gratifying to see our standing alongside the nation’s top builders but most of all to see the enjoyment of our buyers and renters as they move into their dream homes,” Michael Dubb, Beechwood founder and CEO, said in a company statement. 

    So far this year, Beechwood is delivering the final homes in its sold-out 660-home Country Pointe in Plainview community. The company is also delivering homes in Yaphank at its 400-home Country Pointe Meadows; in Westhampton Beach at its 22-single-family home community Country Pointe Estates; and in Saratoga Springs at its new 79 condo Residences at the Adelphi Hotel, and at its 50 single-family home community Oak Ridge.  

    Besides its for-sale homes, Beechwood continues to lease its apartment properties in Westbury including 237 units at The Selby and 195 units at The Vanderbilt. In Rockaway, the company continues to lease at The Tides apartment buildings that are part of the 2,300-home Beechwood-Benjamin Companies joint venture development Arverne by the Sea.  

    Beechwood is also partnering with Settlement Housing Fund in New York City where it is constructing two affordable housing developments including 45 units at Weeksville Place in Brooklyn and 71 units at Melrose Concourse in the Bronx. 

    Outside of New York, Beechwood is delivering homes at three of its exclusive Charlotte, N.C. developments, including the sold-out 35-home Weddington Glen, the 62-home Broadmoor at Marvin, and the 217-home Lakeside Pointe at Lake Norman. The company will also break ground this year at its 815-home mixed-use development called South Creek in Chapel Hill, which will be one of Beechwood’s largest communities. 

    David Winzelberg

    Source link

  • Beechwood’s $137.4M hotel project getting IDA assist | Long Island Business News

    Beechwood’s $137.4M hotel project getting IDA assist | Long Island Business News

    Listen to this article

    A project that would bring a 299-room hotel to a Melville industrial site has received preliminary approval for economic incentives from the Suffolk County Industrial Development Agency. 

    Jericho-based Beechwood Organization is planning to build a four story, 402,450-square-foot extended-stay hotel that will replace an existing industrial building on 10.3 acres at 125 Spagnoli Road. 

    Rendering of The Ferncliff Hotel lobby. / Courtesy of The Beechwood Organization

    Called The Ferncliff Hotel, the $137.4 million project will have studio, one-, two-, and three-bedroom units, which will be available for overnight, weekly, monthly or a longer-term stay, according to an IDA statement. Amenities at the hotel will include two interior courtyards, fitness center, swimming pools with surrounding patios, restaurant, bar, dog park, grilling stations and a rooftop patio. 

    Developers expect that the hotel will attract long-term stay guests, corporate travelers, snowbirds, conference and leisure visitors to the Melville, Huntington and Babylon areas. 

    “We’re excited for the opportunity to create The Ferncliff Hotel, which will satisfy the growing need for extended-stay accommodations in the region,” Steven Dubb, a Beechwood principal, said in the statement. “Without the IDA’s support of this project, it simply could not happen. We’re confident based on our experience in the hotel market, and the studies that have been completed for this project, that this hotel will be an economic generator for the county for decades to come.” 

    While the IDA tax breaks for the project come to more than $10 million, the IDA says the development will generate more in taxes and contribute more to the local economy than the current industrial property, which generates almost $300,000 a year in property taxes. In the first year of its agreement with the Suffolk IDA, the property will generate more than $504,000 and over the course of the IDA’s 15-year agreement, nearly $12 million in property taxes will be collected, according to the statement. The project, which will create 22 jobs, is expected to provide a net public benefit of more than $18 million, based on a cost-benefit analysis by Grow America. 

    “Unlike other hotels in the area, what The Ferncliff has proposed satisfies an accommodation need in the area that has growing demand for all types of travelers,” Kelly Murphy, acting executive director of the Suffolk IDA, said in the statement. “What they’re creating will establish a home away from home for individuals traveling to our region, whether for business or leisure. This extended stay concept, along with its unparalleled amenities and strategic location, is poised to be a significant destination for travelers.” 

    The Spagnoli Road property has been owned by Frelen Associates LLC and occupied by Poly Pak Industries, a packaging manufacturer, which plans to relocate its operations off Long Island, according to published reports. 

    The Ferncliff Hotel is expected to open in the summer of 2027. 

    David Winzelberg

    Source link