The Real Deal New York

Crest Group proposes mixed-use development on 52 acres in North Bellport

December 24, 2018 12:37PM

A mixed-use development that will include rental housing, assisted living and some retail on 52 acres of vacant land in North Bellport has been proposed by the Crest Group, Long Island Business News reported. The company wants to get approval for a planned development district zoning overlap from the Town of Brookhaven. The property, located north of Sunrise Highway and east of Station Road, is currently zoned for light industrial use. As proposed, the development would have 150 units with no age restrictions, 60 units for people 55 and older, as well as a 120-bed assisted living facility. The project would also include a 100,000-square-foot self-storage facility and 65,000 square feet of retail. The Crest Group and its partner at the time, the Matrix Group, acquired the land in late 2013 through a deed-in-lieu-of-foreclosure deal with its former owner, Syosset-based developer Blumfeld Development Group, and Old Dock Associates, a noteholder that had an interest in a part of the property. [LIBN]