Riverhead wants new development to revitalize depressed downtown area

TRD New York /
Dec.December 31, 2018 01:32 PM

A $25,000 grant from the New York State Regional Economic Development Council to Riverhead will be used by the municipality to study its downtown area and plan a more transit-oriented development near the town’s Long Island Rail Road station, Newsday reported. Riverhead officials want to redevelop the area, which they view as economically depressed, and attract new residents. Local officials hope to achieve those goals by creating more parking, retail and housing. The state has yet to officially release the funds to Riverhead, but once it does, the town will hire design professionals to produce a study that could take up to a year to complete. [Newsday]


Related Articles

arrow_forward_ios
The Uniondale Marriott and Ten-X's Matthew Schreck (Credit: LinkedIn)

Long Island’s hotel market could be headed for a downturn

Long Island’s hotel market could be headed for a downturn
Home sales up nearly 10% as Nassau and Suffolk inventory swells, Airbnb hosts could make $255K during PGA event & more Long Island real estate news

Home sales up nearly 10% as Nassau and Suffolk inventory swells, Airbnb hosts could make $255K during PGA event & more Long Island real estate news

Home sales up nearly 10% as Nassau and Suffolk inventory swells, Airbnb hosts could make $255K during PGA event & more Long Island real estate news
Placeholder image

Potential traffic from New Hyde Park revitalization plan irks local residents

Potential traffic from New Hyde Park revitalization plan irks local residents
Placeholder image

North Babylon apartment plan altered to secure IDA funds, appease neighbors

North Babylon apartment plan altered to secure IDA funds, appease neighbors
Placeholder image

Former Superfund site in West Islip bought for $2.45M ahead of development

Former Superfund site in West Islip bought for $2.45M ahead of development
Placeholder image

Cedarhurst-based Postal Realty Trust seeks to raise $100M in IPO

Cedarhurst-based Postal Realty Trust seeks to raise $100M in IPO
Placeholder image

Airbnb hosts could make up to $255K from PGA Tour event at Bethpage Black

Airbnb hosts could make up to $255K from PGA Tour event at Bethpage Black
Placeholder image

Long Island home sales up nearly 10 percent in April as inventory swells

Long Island home sales up nearly 10 percent in April as inventory swells
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...