$85M transit-oriented development advances in Mineola | Long Island Business News

[ad_1]

A plan to build an $85 million mixed-use project has been approved by the Village of Mineola. 

Called The Bridge, the transit-oriented development from local firm Third Street Associates will bring 119 apartments in an eight-story building to a .64-acre site across from the Mineola Long Island Rail Road station. 

There will be 84 one-bedroom units and 35 two-bedroom units. While monthly rents have yet to be established, 10 percent of the apartments will be offered at reduced rents as workforce housing. 

The development site, which is bordered by Station Road, Mineola Boulevard and Third Street, will replace a two-story, 2,500-square-foot office building and a small taxi stand. 

The Bridge project will have a 10,000-square-foot multi-functional event space that can host live music, entertainment, art exhibits, fashion shows and other events for village residents and local businesses. 

The new building will have underground parking for at least 180 cars, while its other amenities feature a fitness center and a rooftop deck with pool and lounge area. Each floor will also have tenant lounges, as well as storage space for tenants. 

“Our family has been doing business in the Village of Mineola for 40 years, and we’re excited to be a part of its ongoing revitalization,” said Ross Levine, principal of Third Street Associates. “We look forward to being part of the solution for Long Island’s housing needs and also providing a space that can help support all of the downtown businesses.” 

The project, which is being designed by architect William Novak, was approved under the village’s downtown overlay zone that was created about 15 years ago. Attorney Jack Martins, a state senator and partner at the Harris Beach law firm, represented the developer and secured the project’s approval. 

Martins, a former Mineola mayor, has been a vocal critic of Gov. Kathy Hochul’s proposed mandate for the state to override local zoning in an effort to add more housing on Long Island. 

“Mineola is a great example of the kinds of transit-oriented development that can happen when the community works to identify its own needs without any state interference,” Martins said. “Mineola made the decision for itself to prioritize building housing in its downtown and has done more than any other community to do so, while maintaining its character as a single-family bedroom community.” 

Levine said he hopes to start construction in early 2024. The project is expected to take between 21 and 24 months to complete. 

d



[ad_2]

Source link