The Real Deal New York

Developer pitches Patchogue on $16M luxury apartment building

January 28, 2019 02:41PM

Farmingdale-based developer Terwilliger & Bartone wants to build a 50-unit apartment project on two acres along the Patchogue River once used for distribution and storage by Marran Oil, The Long Island Advance reported. The $16 million project, which has been dubbed the Cornerstone Waterfront at Patchogue, would include 55 boat slips, a rooftop clubhouse, a patio and a fitness center. Five of the apartments would be priced as workforce housing, while the rest would have rents starting at $2,500 for 36 one-bedroom units. The building would also have six two-bedrooms and eight studio apartments. At a recent meeting, local residents expressed concerns about the proposed project’s potential to obstruct waterfront views, impact nearby property values and bring about other neighborhood changes. The outlet reported that the development team includes GRHC Architecture’s Glen Cherveny, R&M Engineering’s Matt Aylward and Garrett Gray and Kathleen Deegan Dickson from Long Island law firms the Weber Law Group and Forchelli Deegan Terrana, respectively. [The Long Island Advance]