Groundbreaking for Riverhead rental project

Long Island Tech News (longislandtechnologynews.com)

“A groundbreaking for a new $18 million apartment complex in downtown Riverhead is scheduled for next week.

The project, called Peconic Crossing, will be developed by Rochester-based Conifer Realty and the Community Development Corporation of Long Island and bring 45 income-restricted apartments in a four-story building at 11 West Main St. The development, which will have one- and two-bedroom apartments will replace the former Long Island Science Center, which has been razed.

The new rental housing is designed for working families earning less than 90 percent of Suffolk County’s area median income, which is $76,160 for a family of two. There will also be preferences for artists, as well as persons who had been displaced by Hurricane Sandy, according to a statement from CDCLI. A ground-level artist gallery is part of the plans.

Amenities at the complex will include a fitness room, a community room and laundry room.

Officials expected at the March 28 groundbreaking ceremony include Gwen O’Shea, president and CEO of CDCLI; Riverhead Supervisor Sean Walter; Suffolk County Executive Steve Bellone; Kevin Law, president and CEO of the Long Island Association; Eric Alexander, executive director of Vision Long Island; Patricia Drake Snyder, executive director of East End Arts; and Thomas Johnson, executive vice president of Conifer Realty.

“The town has done careful planning to redevelop Riverhead one project at a time,” Alexander said. “This development fits perfectly with that planning strategy to continue to revitalize Main Street.”