In hot rental market, LI developer sells another South Carolina complex
A proposed rezoning for Babylon’s hamlet of East Farmingdale could bring 4,402 residents to the area, according to an early environmental impact statement. The plan could also bring $612 million in construction to a 109-acre swath of land in the town, Newsday reported. Under the proposed rezoning, construction projects could create a dense walkable neighborhood with mixed-use buildings in a space that is currently occupied by a mulch maker, Home Depot, movie theater among other things. The review was done by White Plains-based AKRF. The rezoning still needs Town Board approval, which has yet to schedule any hearings or votes. [Newsday]
