The Hudson Companies has partnered with two of New York City’s largest municipal pension funds to build new work force housing in the five boroughs and Nassau, Suffolk, Westchester, Putnam, Orange, and Rockland counties. In collaboration with the New York City Employees’ Retirement System, and the Teachers’ Retirement System of the City of New York, the investment is valued at $250 million.
YIMBY can reveal renderings for a two-story, 8,404-square-foot, single-family mansion planned at 237 Kings Point Road, in Kings Point. The 45,938-square-foot property is located on the water on Long Island’s North Shore, in Nassau County. An existing 9,000-square-foot mansion currently located at the site must first be demolished. The property also has a dock. It last traded for $7.625 million in 2012, although the current owner’s identity is unclear.
A preliminary rendering has been revealed of the proposed six-story, 156-key Courtyard by Marriott hotel at 43 Broadway, located on the corner of Broadway and Langdon Place in downtown Lynbrook. That’s in Nassau County along the South Shore of Long Island. It was reported a year ago that Browning Hotel Properties signed a tentative ground-lease with the village for the project, although the actual building has not yet been approved. The village board is expected to make a final decision this fall, once all studies have been reviewed and public hearings have been held, LI Herald reported. The hotel would include a built-in 306-car parking garage, where 96 spaces would be used by the hotel and the remaining for municipal and commuter purposes. The village’s Long Island Rail Road station is located two blocks away.
The Town of Hempstead, on Long Island, has approved a proposal to rezone the properties at 494 and 1104 Hempstead Avenue, in Malverne, from Residence A to Residence C-A, putting Franklin Square, N.Y.-based R&B Acquisition & Development one step closer to building a 12-unit condominium project, LI Herald reported. The developer initially proposed the project to the town in January. The project must now seek approval from the Nassau County Planning Commission, as the site is located on a county street. The project would rise three-and-a-half stories and is expected to include 35 off-street parking spaces, many of which will be located on the ground floors of each condo. The number of parking spaces is subject to change. The 1.2-acre assemblage is currently occupied by two single-family houses. The neighborhood’s Long Island Rail Road station is roughly half a mile away.
The Town of Hempstead’s Department of Planning & Economic Development has launched a request for proposals (RFP) to develop a five-acre assemblage of dilapidating properties located at the northwestern corner of Merrick Road and Grand Avenue, in Baldwin. That’s in Nassau County, on the South Shore of Long Island. The aim is for mixed-use project, consisting of commercial space and residential apartments, according to LI Herald. Public recreational space is also part of the vision. The current stretch of street is made of vacant lots, and a mix of underutilized, vacant, and dilapidating single- and two-story commercial buildings. There appears to be bipartisan support for a mixed-use development this time around after similar attempt to build there failed last decade.