By JOHN ASBURY November 18, 2014 8:53 PM
The Hempstead Village Planning Board approved two five-floor apartment buildings to be constructed in the first phase of the $2.5 billion downtown redevelopment project.
The board voted 3-2 Monday for Plainview-based Renaissance Downtowns to build the 336-unit apartments at Washington and Front streets. The site now is used for two parking lots across from Hempstead Town Hall.
December 18, 2014 Written by Brandon P.
Renew Hempstead has been working with the Hempstead community for nearly three years now, meeting with dozens of organizations and thousands of individuals. Throughout this period, there has been a constant stream of enthusiasm about the upcoming downtown revitalization and the tremendous economic and social benefits that it will bring to our Village.
The final milestones before construction can begin are now in place, as the plans for the first phase of development has been approved by the Village of Hempstead, allowing for groundbreaking in the Spring of 2015. This first phase will consist of 336 market rate residential units that have been designed in a manner to provide affordability relative to other new residential developments. In addition, the developer is working with local property owners that will enable the development of a mixed-use project on Main Street, near the train station, that will include retail and commercial on the ground floor and mixed-income residential above. Even better, Hempstead residents will have priority for these apartments, following through on the developer’s pledge to provide for our community first and foremost.
Occupancy is not expected until the middle of 2016.