Peconic Crossing

Rochester-based developer Conifer Realty, which partnered with Community Development Corporation of Long Island, today celebrated the completion of Peconic Crossing, with ribbon-cutting ceremonies and the grand opening of a first-floor art gallery being managed by East End Arts.

The new workforce housing rental apartment development in the final stages of construction on West Main Street drew 20 applications for every available apartment. The developer held a lottery today in Riverhead Town Hall to rank the applicants.

Developers of Peconic Crossing in downtown Riverhead are readying 45 new workforce housing apartments for rental. The units will be available to tenants who meet income limits, with preference given to artists.

Demolition is underway at the former L.I. Science Center site on West Main Street.

The 45 rent-controlled apartments will be offered to 'low-income' tenants who, in most cases, can earn no more than 60 percent of the county's median household income, or about $51,000 for a two-person household.

The five-story, 45-unit apartment building proposed for West Main Street was granted preliminary site plan approval last night by the Riverhead Planning Board, which last night also issued a determination that the development will have no significant environmental impact.

The developers of Peconic Crossing, the five-story apartment building proposed for the site of the L.I. Science Center at 11 West Main Street, got...

The developers of the proposed Peconic Crossing apartment building on West Main Street are pushing back against criticism of their site plan levied by...

Peconic Crossing, which plans to build 48 rent-regulated apartments in downtown Riverhead, was awarded nearly $5.5 million in state funding. The project is in the final stages of review by town planners and the developer hopes to break ground by the beginning of 2016.

Thirty-three of the 48 units must be affordable to households 60 percent of area median income or less. The maximum household incomes would be: $44,150 for one person; $50,450 for two people; $56,750 for three people; and $63,050 for four people. Six units must have a cap of 50-percent of median income. Nine will be rented 'at market rate.'