Long Island Business News
The Town of Huntington has transferred a half-acre property that will be the site of the first project in Huntington Station’s long-awaited revitalization.
Renaissance Downtowns, the town’s designated master developer for the Huntington Station makeover, took title of the parcel on the corner of New York Avenue and Northridge Street and will partner with Blue & Gold Homes in constructing a mixed-use building with 16 rental apartments over 6,500 square feet of retail space.
Plainview-based Renaissance Downtowns has committed to spend $5.3 million to develop the property, which should generate about $55,000 in tax revenue the first year, rising to about $132,000 in 15 years, according to a town statement. As part of its community benefits agreement, Renaissance has also pledged to seek local contractors for the work and make payments into a fund to be used for community projects.
The Northridge Street development, which awaits building permits, is one of several projects on the drawing board as part of Huntington Station’s revitalization. Still in the approval process is a proposal for a mixed-use building at New York Avenue and Olive Street that will include 66 rental apartments over ground-level retail. Renaissance has also proposed a hotel and office building for New York Avenue and Railroad Street, across from the train station, and artists’ lofts in what is now a municipal parking lot at New York Avenue and Church Street.
“Today represents a true turning point for Huntington Station’s revitalization, which has been brought to fruition through one of the region’s most cooperative public-private partnerships,” Renaissance Downtowns president Don Monti said in the statement. “The town’s efforts, led by Supervisor Petrone and the town board, supported by the EDC, and town staff, is a model for other municipalities to follow. Most importantly, I’d like to thank the entire community for their passion and involvement as we work together to co-create a brighter future for Huntington Station.”