Apartments proposed for West Main Street

$152 million project would include old trolley house building

Gary Haber
Posted 11/30/23

A developer is proposing to build a $152 million apartment project at the western gateway to Patchogue that would incorporate the old trolley house building.

Ferrandino & Son Development …

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Apartments proposed for West Main Street

$152 million project would include old trolley house building

Posted

A developer is proposing to build a $152 million apartment project at the western gateway to Patchogue that would incorporate the old trolley house building.

 

Nord Development Group, a subsidiary of Farmingdale-based Ferrandino & Son Development Group of Farmingdale, wants to build two four-story buildings totaling 262 studio, one-bedroom and two-bedroom apartments units on a 4.1 acre site along West Main Street.

 

One building would be on the west side of the Patchogue River and the other would be on the east side. The building to the west would include 154 units. The building to the east would include 108 units, according to a presentation by the project’s attorney to the Brookhaven Industrial Development Agency on Nov. 15.

 

“We appreciate the consideration and support from the Brookhaven IDA,” Nord Development Group Managing Director Joseph Rossi said in a statement.. “We are passionate about creating beautiful places that inspire people and foster meaningful experiences.”

 

The project will include a walkway and park along the Patchogue River, with a pier on each side of the river and a bridge spanning the river, Rossi said.

 

Ferrandino & Son Development Group is seeking a 20-year Payment in Lieu of Taxes (PILOT) agreement from the IDA, as well as an exemption from having to pay sales and use taxes of $4.3 million and mortgage recording tax of $686,251.

 

Of the 262 units, 10 percent would be set aside for workforce housing and 10 percent for affordable housing, the developers’ attorney Eric Russo told the IDA.

 

The developers plan to refurbish and relocate the old trolley house and incorporate it into one of the buildings. They plan to lease the former trolley house to the Greater Patchogue Chamber of Commerce for use as office space for $1 per year.

 

“The West Main Street project, which stands at the gateway to Patchogue Village, will provide additional tax revenues, restore the natural features of the site, and offer meaningful givebacks to the community,” Nord Development Group CEO Peter Ferrandino said in a statement.

According to Greater Patchogue Chamber of Commerce executive director David Kennedy, the chamber is considering this offer for a possible second location.

The IDA plans to hold a public hearing on the request for a PILOT agreement and tax exemptions at a later date.

 

The project is scheduled for a public hearing by the Village of Patchogue Planning Board on Dec. 19 and to be considered by the Village of Patchogue Town Board on Jan. 8.