A 40-acre mixed-use development with a “national organic grocer” will break ground in Southlake this spring.
Fort Worth-based Trademark Property Co. is developing what will be called Shivers Farm on North White Chapel Boulevard, just north of Texas 114. Shivers Farm will include 37 single-family lots; 110,000 square feet of retail space, including the grocery store; 38,000 square feet of office space and a 3-acre pad approved for a hotel with a full-service restaurant, entertainment or other retail.
“Shivers Farm is poised to become a vibrant community hub in one of the region’s most affluent submarkets,” Trademark said in a news release.
Trademark has not announced what the grocery store will be. However, during an October meeting of the Southlake City Council, one of the council members repeatedly referred to the grocery store as Whole Foods during a discussion about traffic flow.
Trademark was the developer who built Waterside in Fort Worth, the 63-acre mixed-use community along Bryant Irvin Road that is anchored by the city’s only Whole Foods Market. It opened around 2016.
The two other Whole Foods in Tarrant County are in Colleyville and Arlington. Whole Foods was founded in Austin in 1980 and is now part of Amazon.
Whatever the Southlake grocery store will be, it is expected to open in the latter half of 2028 along with other retail components. Trademark says it will be the “first major grocer North of Hwy 114.”
“With final city approval, Shivers Farm has moved from vision to reality,” said Terry Montesi, CEO of Trademark, in a press release. “This milestone reflects our ongoing commitment to the greater Dallas-Fort Worth area and our focus on delivering thoughtfully designed, community-centric spaces. With leasing activity already underway, this will be a grocery-anchored destination unlike any other in the area.”
Trademark partnered with Hillwood to develop Alliance Town Center, and it is building the second phase of Westbend on South University Drive, including luxury apartments and 4,500-square-feet of restaurant space.
The new Willow Meadow development will also have 37 single-family lots that will have walking access to the retail section of the development. Courtesy of City of Southlake
Fousia Abdullahi is a Fort Worth Star-Telegram news reporter who covers suburban cities including Southlake, Colleyville, Grapevine and Keller. She enjoys reading and attending local events. Send tips by email or phone.
Los Angeles mixed-use projects are growing up. Some even have big ambitions to become the next city centers as they address evolving lifestyles.
That was the theme from a trio of experts on Thursday’s “Mixed Use is Coming to L.A.” panel, part of The Real Deal’s LA Real Estate Forum at the Beverly Wilshire.
“Mixed use isn’t really new in L.A.,” pointed out development advisor Hana Cha during the panel.
What is new, Cha said, are the expanded amenities to fit residents’ lifestyles and create communities.
(L-R) Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr., TRD’s Jerry Sullivan and Cain International’s Larry Green (Photos by Paul Dilakian)
(L-R) TRD’s Jerry Sullivan, Cain International’s Larry Green, Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
(L-R) TRD’s Jerry Sullivan, Cain International’s Larry Green, Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
(L-R) TRD’s Jerry Sullivan, Cain International’s Larry Green, Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
(L-R) Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
TRD’s Jerry Sullivan (Photos by Paul Dilakian)
(L-R) TRD’s Jerry Sullivan, Cain International’s Larry Green, Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
(L-R) TRD’s Jerry Sullivan, Cain International’s Larry Green, Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
(L-R) Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr., TRD’s Jerry Sullivan and Cain International’s Larry Green (Photos by Paul Dilakian)
(L-R) TRD’s Jerry Sullivan, Cain International’s Larry Green, Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
(L-R) TRD’s Jerry Sullivan, Cain International’s Larry Green, Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
(L-R) TRD’s Jerry Sullivan, Cain International’s Larry Green, Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
(L-R) Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
TRD’s Jerry Sullivan (Photos by Paul Dilakian)
(L-R) TRD’s Jerry Sullivan, Cain International’s Larry Green, Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
(L-R) TRD’s Jerry Sullivan, Cain International’s Larry Green, Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr. (Photos by Paul Dilakian)
(L-R) Hana’s Hana Cha and Reuben Brothers’ David Reuben Jr., TRD’s Jerry Sullivan and Cain International’s Larry Green (Photos by Paul Dilakian)
“The new concept of mixed use in L.A. is the sense of appreciation that there is this community that is built in its own ecosystem that’s just so much more than what you get in your house or in your condo,” she explained.
Creating those bubbles where safety, security and personal interests converge are part of the next generation of mixed-use projects hitting the L.A. area.
For Cain International’s One Beverly Hills — a 17.5-acre project that includes the Beverly Hilton, Waldorf Astoria and Aman Hotel Residences & Club —the bubble is Beverly Hills.
“Beverly Hills we think is probably the best bubble on the planet,” said Cain’s Larry Green, who heads up development and operations for the project. “It’s all about that sense of safety, security and amenities that you have, all in a very walkable environment.”
The same logic applies at Century City’s Century Plaza project, which consists of the Fairmont Hotel & Residences, Park Elm residential towers and 100,000 square feet of retail and restaurants. David Reuben Jr. and his brother, through their investment vehicle, acquired the property through a foreclosure last year.
David Reuben pointed out during the panel that developers should be realistic about changing lifestyle requirements in a post-COVID world. He echoed Green on safety and security, in addition to projects addressing L.A. traffic and more transient lifestyles that don’t require staff to maintain large homes.
“High density really means creating spaces where people actually want to be and call it their primary residence,” Reuben said. “I think that’s the important thing about density. It’s not just more; it’s better.”
In Century City’s case, the market already has an abundance of offices; Century Plaza is viewed as adding asset classes that are underserved, Reuben said.
“In effect, it’s the new downtown as far as I’m concerned and, therefore, it needs-high rises in order to support the residential component,” he added.
Cha offered an additional perspective, pointing out how pricey projects such as One Beverly Hills and Century Plaza create communities for the affluent.
“If we’re talking about this concept of community and bringing together like-minded people, it’s like, ‘OK, we have this cool thing that’s happening here, but it’s going to cost you $25 million for a two-bedroom condo, and if you can’t pay to play, then you’re not welcome in our community,’” Cha said. “That is a real thing and I think we have to think about that.”
Green countered that, pointing to Playa Vista’s evolution.
“It’s not billionaires moving into Playa Vista, but it’s [serving] an important function,” he said.
The idea of belonging to a community is desired at all price levels and can therefore be created at all price levels. Projects that come at a higher price point for their residents are just a response to the market, he added.
“What David and I are doing is an evolution of things that we’ve been seeing in and around Los Angeles for some time,” Green noted.
Rosedale Center located between the Twin Cities of Minneapolis and St. Paul, Minnesota. This 80,000 … [+] square-foot flagship store compliments the center’s local and national mix, and marks DICK’s Sporting Goods’ expansion within the Twin Cities market. Construction is underway and is slated for completion in winter 2024.
OMNIPLAN
At this point, the U.S. housing crisis is well documented. The nation is short some 6.5 million homes, and developers can’t seem to build fast enough to meet the demand. Experts expected rising interest rates to exacerbate the housing shortage by stalling development activity and further throwing off the housing supply-demand pendulum—but in May, there was some good news. U.S. homebuilding surged, rising 22% despite expectations that new construction activity would decrease. As it turns out, the low levels of housing supply increased builder confidence enough to offset economic concerns and rising costs. According to the National Association of Home Builders/Wells Fargo Housing Market Index, builder confidence is increasing for the first time in a year.
The confidence is helping to accelerate alternative opportunities for home building, and obsolete shopping malls have shot to the top of the list. While residential is in short supply, shopping malls are suffering from a problem of abundance. People don’t use or need as much physical retail space as they did in the past. Because retail has historically followed rooftops, most malls are already in dense population centers—the exact places most in need of housing. The dynamic is pushing developers to repurpose mall sites into mixed-use projects that can supply both the housing and retail that communities need to thrive. The new surge in housing construction has started to increase bids for mall redevelopment sites across the country.
Housing leads mall redevelopment projects
Housing is an ideal fit for mall redevelopment, and it is the use most frequently pursued by developers. In an analysis of 135 mall redevelopment projects, JLL found that 53.6% include housing. Comparatively, less than 34% convert to office, the second most added use. This doesn’t mean that retail is out. When converting a shopping mall, 85% of projects retain retail on the site, illustrating the value of merging uses in a single development.
It isn’t difficult to see the appeal of converting unused retail into housing. Malls are often in attractive locations where people want to live, unlike office or industrial projects that can be in undesirable areas for residential use. The footprint of a mall site (sprawling, flat and built for consumer use) is also easily adaptable to a residential use. And for retailers, there is an added benefit: housing supports retail and retail needs residential to survive. With residents (aka consumers) on site, housing can fulfill an anchor position at the property, adapting the standard retail model to fit modern living and shopping habits.
There are successful examples of these projects emerging across the country. In Orange County, California, The Westminster Mall is transforming into a mixed-use complex with 3,000 residential units, 425 hotel rooms and green space, while the Laguna Hills Mall is being redeveloped into 1,500 housing units, plus office, hotel and retail space, all of which is more aligned with community needs. There is ample opportunity for similar concepts across the country. The Urban Land Institute and National Multifamily Housing Council Research Foundation estimate that there is 1 billion square feet of obsolete retail in the US, meaning that these projects are likely to become more common.
Executing a successful redevelopment project
While housing is compatible with the mall format, redeveloping a property into a new use is never a simple endeavor. To start, developers should be careful to select the right site for their project. That is, selecting sites that are in markets with a clear need for housing and an oversupply of retail—the particular dynamic that makes a mall-to-housing conversion project viable.
Market dynamics are just one consideration. A conversion project will likely need adjustments to zoning and entitlements to reflect the new use; developers might also review incentives provided by local governments to convert underutilized real estate into housing. There are also operational nuances. Developers should work closely with management to navigate existing tenant relationships, including addressing existing lease agreements and negotiating early exits. Once complete, the developer may also need to execute a new tenant leasing strategy to capture businesses and retail concepts that better align with the new mixed-use format.
Due to the complexity in both executing a redevelopment project as well as the different operational needs of a mixed-use property, many developers and property managers are pursuing strategic partnerships. Last year, for example, JLL and Poag Shopping Centers formed an agreement for Poag to provide development services to JLL-managed properties, while JLL provides management services for Poag’s 10-property portfolio of lifestyle centers. The partnership illustrates the symbiotic relationship between redevelopment and operational functions, and a growing interest from owners in pursuing redevelopment opportunities.
Mall redevelopment projects are an opportunity to bring critical housing supply to the communities and neighborhoods that need it most. While developers will need to pursue an amalgam of development solutions to create enough supply to meet housing demand, mall redevelopments are certainly pushing the needle in the right direction.
A topping-out ceremony for a new $22 million mixed-use development in Riverhead marked a construction milestone at the project.
The project under construction at 205 Osborn Ave. / Courtesy of G2D Development Group
Huntington-based G2D Development Group is building the five-story complex called Station One at 205 Osborn Ave. The development will bring 37 rental apartments over 1,000 square feet of retail space to a half-acre property formerly occupied by a 10,000-square-foot medical office building.
The apartments at Station One will be designed with high-end finishes, including professional-grade appliances, wide-plank floors, stone countertops, and designer light fixtures. Amenities will include a 688-square-foot rooftop lounge and a fitness center. Fully furnished residences and units with private balconies will be available upon request.
In its ground level retail space, Station One will feature the newest outpost of the WorkSmart franchise, flexible office space tailored to entrepreneurs, independent creative professionals, and startup companies seeking a central hub. WorkSmart provides a range of resources and amenities, including Wi-Fi, video conferencing capabilities, private offices, printing and scanning services, break areas, and mail reception.
The Station One project comes on the heels of another downtown Riverhead development from G2D called The Shipyard. That $15 million project completed last summer brought 36 apartments and 880 square feet of commercial space to 331 East Main St.
“The positive housing redevelopment in Riverhead stands as a beacon of transformation, revitalizing neighborhoods and enriching the lives of its residents,” said G2D principal Greg DeRosa. “Through thoughtful planning, innovation, and a commitment to community, Riverhead embraces a future where sustainable housing is accessible to all. This transformative process not only rejuvenates physical spaces but also fosters a vibrant and inclusive community where residents can live, work and thrive.”
A crumbling parking lot and two vacant commercial buildings in the shadow of the Hicksville Long Island Rail Road station are soon to be replaced by a new $130 million mixed-use transit-oriented development.
The project, from Manhattan-based developer Alpine Residential, is the largest so far to be approved by the Town of Oyster Bay in its ongoing efforts to revitalize Hicksville’s downtown.
The four-story, mixed-use development, which received the final go-ahead from the town’s planning board last month, will bring 189 rental apartments over 7,660 square feet of restaurant and retail space to the 2.1-acre site at 99 Newbridge Road.
Though it’s taken a few years, the Alpine project is exactly the type of smart-growth development that’s been sought by the town since it rezoned the area in 2021. The new Hicksville zoning was largely based on planning work done over the last several years by Vision Long Island, the Hicksville Chamber of Commerce and the Downtown Hicksville Revitalization Committee.
The rezoning came three-and-a-half years after the town received a $10 million Downtown Revitalization Initiative grant from the state in August 2017. Alpine will get $1 million of that DRI grant money to assist its project. The developer is also seeking economic incentives from the Nassau County Industrial Development Agency.
“The Alpine Residential project in Hicksville was born out of the vision of the residents of Hicksville who wanted to improve their commercial downtown with new residences and upgraded street-level retail,” said attorney Bram Weber of Melville-based Weber Law Group, who represents the project. “The town board then took the lead and approved a zoning code which the Alpine project followed word-for-word. Working with the community’s vision, the town, and with the support of Vision Long Island, Alpine has created a transformative project which received unanimous support at the town’s public hearing. The Alpine project will be showpiece for Hicksville, the Town of Oyster Bay, and Nassau County.”
The 2.1-acre Hicksville development site currently has a crumbling parking lot and two vacant commercial buildings. Photo by Judy Walker
The new TOD will have two levels of underground parking to accommodate 338 vehicles. It will have a mix of 14 studios, 76 one-bedroom units, 88 two-bedroom units and 11 three-bedroom apartments. Monthly rents for the studios range from $2,000 to $2,275; from $1,967 to $3,411 for one-bedroom apartments; from $2,858 to $3,902 for two-bedroom apartments; and from $3,369 to $4,172 for the three-bedroom apartments.
Nineteen of the new Hicksville apartments will be designated as workforce housing and offered at reduced rents. Amenities at the complex will include co-working space, lobby lounge, yoga studio, fitness center, outdoor pool, a playground for young children, and a rooftop lounge and dog run.
Todd Schefler, managing partner at Alpine Residential, grew up in Roslyn and knows the Hicksville site is a prime candidate for redevelopment.
“Anything in Nassau County at a train station is special and that train station is really a busy train station. When you go by there at night it’s really desolate and it’s kind of a natural place that has so much activity,” Schefler told LIBN. “This will bring a lot of vitality to an area that’s gotten kind of bleak at night when you get off the train.”
The Alpine development is the second Hicksville project that’s gained traction under the town’s new zoning. Fieldstone at North Broadway LLC, an affiliate of Woodbury-based P7 Development, is planning to construct a mixed-use building that will bring 96 rental apartments over one level of parking and 3,500 square feet of retail space just two blocks north of the Hicksville LIRR station.
Dubbed Fieldstone at North Broadway, it will feature a clubroom, a fitness center, a business center and a raised outdoor courtyard. Ten percent of the apartments at the project, which is still in the approvals process, will be designated as workforce housing and offered at reduced rents.
The town’s efforts to revitalize Hicksville’s downtown have received strong support from the community, as residents and local business owners have been involved in the planning process from the jump.
“This second mixed-use TOD project in downtown Hicksville had community support because it was planned locally,” says Eric Alexander, director of Vision Long Island and co-chair of the Hicksville Downtown Revitalization Committee. “The Chamber of Commerce, local civics and municipal officials shaped the plan with the developer from the bottom up and that is the method for success not just in Hicksville but in communities across Long Island.”
The new development will bring 189 apartments and 7,660 square feet of restaurant and retail space next to the Hicksville LIRR station. Courtesy of Alpine Residential
Town officials say the Hicksville projects, which will add nearly 300 housing units, are examples of what can be accomplished to increase housing opportunities without mandates from the state, as Oyster Bay has strongly opposed Gov. Kathy Hochul’s proposed housing compact.
“This is a great example of local government and community working together to provide appropriate, responsible development and residential housing. This project went forward with extensive community input, a full environmental review process and several revisions to ensure it met the needs of all, while fitting within the character for the neighborhood,” said Oyster Bay Supervisor Joseph Saladino. “The state’s plan to remove local zoning control not only ignores the voice of our residents but doesn’t address the need to affordable housing while attempting to turn our communities into urban centers.”
The Alpine project team includes Fogarty Finger Architecture, Bohler Engineering and Racanelli Construction, and Schefler says he hopes to begin construction in July. It will create about 370 full-time-equivalent construction jobs and take nearly two years to complete.
The bulk of Alpine’s portfolio has been developed in New Jersey, Connecticut and Florida and the Hicksville project will be the company’s first on Long Island. However, the developer has planned another TOD in Westbury, which will bring about 190 apartments to a site on Union Avenue across from the Westbury LIRR station. That project is currently in the site-plan approval process.
But first up is Hicksville.
“We’re very excited,” Schefler said. “As a developer, you want projects that you’re proud to show your kids as a before-and-after and this is a great example. To convert a run-down parking lot and boarded up office building into something beautiful is very exciting for those of us who do that.”
A crumbling parking lot and two vacant commercial buildings in the shadow of the Hicksville Long Island Rail Road station are soon to be replaced by a new $130 million mixed-use transit-oriented development.
The project, from Manhattan-based developer Alpine Residential, is the largest so far to be approved by the Town of Oyster Bay in its ongoing efforts to revitalize Hicksville’s downtown.
The four-story, mixed-use development, which received the final go-ahead from the town’s planning board last month, will bring 189 rental apartments over 7,660 square feet of restaurant and retail space to the 2.1-acre site at 99 Newbridge Road.
Though it’s taken a few years, the Alpine project is exactly the type of smart-growth development that’s been sought by the town since it rezoned the area in 2021. The new Hicksville zoning was largely based on planning work done over the last several years by Vision Long Island, the Hicksville Chamber of Commerce and the Downtown Hicksville Revitalization Committee.
The rezoning came three-and-a-half years after the town received a $10 million Downtown Revitalization Initiative grant from the state in August 2017. Alpine will get $1 million of that DRI grant money to assist its project. The developer is also seeking economic incentives from the Nassau County Industrial Development Agency.
“The Alpine Residential project in Hicksville was born out of the vision of the residents of Hicksville who wanted to improve their commercial downtown with new residences and upgraded street-level retail,” said attorney Bram Weber of Melville-based Weber Law Group, who represents the project. “The town board then took the lead and approved a zoning code which the Alpine project followed word-for-word. Working with the community’s vision, the town, and with the support of Vision Long Island, Alpine has created a transformative project which received unanimous support at the town’s public hearing. The Alpine project will be showpiece for Hicksville, the Town of Oyster Bay, and Nassau County.”
The 2.1-acre Hicksville development site currently has a crumbling parking lot and two vacant commercial buildings. Photo by Judy Walker
The new TOD will have two levels of underground parking to accommodate 338 vehicles. It will have a mix of 14 studios, 76 one-bedroom units, 88 two-bedroom units and 11 three-bedroom apartments. Monthly rents for the studios range from $2,000 to $2,275; from $1,967 to $3,411 for one-bedroom apartments; from $2,858 to $3,902 for two-bedroom apartments; and from $3,369 to $4,172 for the three-bedroom apartments.
Nineteen of the new Hicksville apartments will be designated as workforce housing and offered at reduced rents. Amenities at the complex will include co-working space, lobby lounge, yoga studio, fitness center, outdoor pool, a playground for young children, and a rooftop lounge and dog run.
Todd Schefler, managing partner at Alpine Residential, grew up in Roslyn and knows the Hicksville site is a prime candidate for redevelopment.
“Anything in Nassau County at a train station is special and that train station is really a busy train station. When you go by there at night it’s really desolate and it’s kind of a natural place that has so much activity,” Schefler told LIBN. “This will bring a lot of vitality to an area that’s gotten kind of bleak at night when you get off the train.”
The Alpine development is the second Hicksville project that’s gained traction under the town’s new zoning. Fieldstone at North Broadway LLC, an affiliate of Woodbury-based P7 Development, is planning to construct a mixed-use building that will bring 96 rental apartments over one level of parking and 3,500 square feet of retail space just two blocks north of the Hicksville LIRR station.
Dubbed Fieldstone at North Broadway, it will feature a clubroom, a fitness center, a business center and a raised outdoor courtyard. Ten percent of the apartments at the project, which is still in the approvals process, will be designated as workforce housing and offered at reduced rents.
The town’s efforts to revitalize Hicksville’s downtown have received strong support from the community, as residents and local business owners have been involved in the planning process from the jump.
“This second mixed-use TOD project in downtown Hicksville had community support because it was planned locally,” says Eric Alexander, director of Vision Long Island and co-chair of the Hicksville Downtown Revitalization Committee. “The Chamber of Commerce, local civics and municipal officials shaped the plan with the developer from the bottom up and that is the method for success not just in Hicksville but in communities across Long Island.”
The new development will bring 189 apartments and 7,660 square feet of restaurant and retail space next to the Hicksville LIRR station. Courtesy of Alpine Residential
Town officials say the Hicksville projects, which will add nearly 300 housing units, are examples of what can be accomplished to increase housing opportunities without mandates from the state, as Oyster Bay has strongly opposed Gov. Kathy Hochul’s proposed housing compact.
“This is a great example of local government and community working together to provide appropriate, responsible development and residential housing. This project went forward with extensive community input, a full environmental review process and several revisions to ensure it met the needs of all, while fitting within the character for the neighborhood,” said Oyster Bay Supervisor Joseph Saladino. “The state’s plan to remove local zoning control not only ignores the voice of our residents but doesn’t address the need to affordable housing while attempting to turn our communities into urban centers.”
The Alpine project team includes Fogarty Finger Architecture, Bohler Engineering and Racanelli Construction, and Schefler says he hopes to begin construction in July. It will create about 370 full-time-equivalent construction jobs and take nearly two years to complete.
The bulk of Alpine’s portfolio has been developed in New Jersey, Connecticut and Florida and the Hicksville project will be the company’s first on Long Island. However, the developer has planned another TOD in Westbury, which will bring about 190 apartments to a site on Union Avenue across from the Westbury LIRR station. That project is currently in the site-plan approval process.
But first up is Hicksville.
“We’re very excited,” Schefler said. “As a developer, you want projects that you’re proud to show your kids as a before-and-after and this is a great example. To convert a run-down parking lot and boarded up office building into something beautiful is very exciting for those of us who do that.”
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.
