David Winzelberg, Staff Writer
Long Island Business News / libn.com
“As officials plan to cut the ribbon Thursday on a new $56 million mixed-use development in Coram, its first retail tenants have already been signed.
Called Wincoram Commons, the project by Rochester, N.Y.-based Conifer Realty and the Community Development Corporation of Long Island, brings 176 workforce homes, 9,000 square feet of office/retail space and a community center to the site of a former multiplex movie theater which had been abandoned for more than a decade.
The first tenants signed to the retail portion of the development are Kindred Fitness, a gym which will occupy 1,381 square feet and Sammy Scissors, a barber shop, which will occupy 638 square feet. Both plan to open next month.
Jonathan Mehr and Douglas Bomzer of Garden City-based Sabre Real Estate Group represented the landlord in both lease transactions. Sabre is marketing five additional retail spaces at Wincoram, ranging from 767 square feet to 1,534 square feet and a 6,000-square-foot pad site to be completed in early 2017 that’s approved for a 150-seat restaurant.
The rental housing at Wincoram, offered through a lottery system, is reserved for households falling within 50 to 90 percent of the area median income. Rents range from $929 to $1,294 for a one-bedroom, $1,113 to $1,551 for a two-bedroom and $1,230 to $1,778 for a three-bedroom apartment, based on income. Apartment sizes range from 708 to 1,376 square feet.
A host of elected officials and business leaders are slated to attend the ribbon-cutting ceremony, including Suffolk County Executive Steve Bellone, Brookhaven Town Supervisor Edward Romaine, State Sen. John Flanagan and Long Island Association President Kevin Law.”