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

New York /
May.May 13, 2019 04:47 PM

Robert Curcio Jr. and other developers have changed their plans for a 40-unit apartment building next to a North Babylon elementary school in an effort to secure a $2.2 million tax break from the Babylon Industrial Development Agency, Newsday reported. Those who live in the town have opposed the plan to develop the 2.2-acre lot at 766-768 Deer Park Avenue, where Curcio is seeking to spend $16 million to build the Parkway Village Estates. The Town of Babylon Planning Board has been flooded with letters and hundreds of signatories on petitions urging it to reject the development. The lot, which is zoned for business use, requires a switch for multifamily residential development. Neighbors, however, have been concerned that the new apartment building would increase traffic in the school area and endanger students. In order to address some concerns, developers repositioned the proposed apartments and parking spaces, while also adding more space along the property line and extra parking spots to limit street parking. The developers also shrunk the size of a standalone recreation building from its original 3,000-square-foot design to a 1,133-square-foot unit. Newsday reported those changes and others were made after Curcio and his colleagues met with civic leaders and concerned neighbors, said a lawyer for the developers, Dan Baker of Long Island’s Certilman Balin Adler & Hyman. Curcio has applied for a 44 percent tax break from the Babylon IDA that if approved would save him $2.2 million over 20 years. [Newsday]


Related Articles

arrow_forward_ios
The Kalikow Group President & CEO Edward Kalikow with the complex (Kalikow, Kaled)
In hot rental market, LI developer sells another South Carolina complex
In hot rental market, LI developer sells another South Carolina complex
Tritec Principal Robert Coughlan with the project (Tritec)
Tritec lands $173M for Bay Shore Residences
Tritec lands $173M for Bay Shore Residences
The New Hyde Park Target is going to be adding a level (Google Maps)
Target grows footprint in shell of former Sears
Target grows footprint in shell of former Sears
Ronald Goerler Sr. and Jamesport Vineyards at 1216 Main Road in Jamesport Long Island (Jamesport Wines)
Jamesport Vineyards founder Ronald Goerler Sr. dies
Jamesport Vineyards founder Ronald Goerler Sr. dies
303 Main Street (Hempstead), 130 Hempstead Avenue (West Hempstead),and  Castle Lanterra CEO Elie Rieder (Google Maps, Castle Lanterra)
Castle Lanterra buys Long Island apartment complexes for $138M
Castle Lanterra buys Long Island apartment complexes for $138M
The Boulevard in Yaphank (The Boulevard NY, iStock)
Walmart supercenter coming soon to Yaphank
Walmart supercenter coming soon to Yaphank
Sayville Plaza at 5151 Sunrise Highway in Bohemia and Transformco's Scott Carr (Google Maps, Transformco)
Transformco pushes redevelopment of Long Island shopping center
Transformco pushes redevelopment of Long Island shopping center
Brookfield Asset Management CEO Bruce Flatt and 125 New South Road in Hicksville (Brookfield, Simone)
Brookfield buys 15-acre industrial site on Long Island
Brookfield buys 15-acre industrial site on Long Island
arrow_forward_ios

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

Loading...