A new workforce housing community is preparing to open its doors to tenants following a year of construction on Main Street.
Peconic Crossing is putting the finishing touches on 45 new apartments in downtown Riverhead. Overlooking the Peconic
River and Grangebel Park, the units will be available to tenants who meet income limits, with preferences given to artists and people displaced by certain storms, including Superstorm Sandy.
Rents will be regulated by the N.Y. Homes and Community Renewal agency and set at rates the agency deems affordable to households with annual incomes at 50 percent and 60 percent of the Suffolk County median income for one-, two-, three- and four-person households. Rents will include heat and hot water, according to a presentation made by the developers to town officials in December 2014.
Tenants will have access to a fully equipped fitness room, a laundry center and common gallery spaces designed for resident artists to display their creations.
Located on West Main Street just off Peconic Avenue, the five-story apartment building is within walking distance to downtown restaurants, shops and offices.
Floor plans for one-bedroom and two-bedroom apartments. (Click to enlarge)
Interested applicants can fill out a form here to be included on Peconic Crossing’s interest list. Detailed leasing information and an application will be sent out once available, according to the website.
Peconic Crossing is being developed by Rochester-based Conifer Realty in partnership with Community Development Corporation of Long Island. It is one of several new apartment buildings developed and proposed in downtown Riverhead in recent years. On the other end of Main Street near McDermott Avenue, buildings have been razed to make way for Riverview Lofts, a 116-unit workforce housing development approved by the town last year.
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