The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has proposed an 81,000-acre swath of the Atlantic Ocean located 11 miles south of Long Beach, Long Island, to be the site of future wind energy development. The area could be turned into an offshore wind farm, but not before a lengthy approval process is complete, according to the LI Herald. A developer would first have to design plans to build a wind farm, then lease a given area, trek through the required review steps, and obtain the proper approvals, at which point construction could finally begin. The entire process is estimated to take 10 years from start to finish. At this point, BOEM will conduct an environmental assessment to study the impacts of leasing the area. In 2013, BOEM launched a Request for Interest to gage the desirability to build wind farms. Multiple developers, including the New York Power Authority, have expressed interest.
Franklin Square-based R&B Acquisition & Development is proposing a 12-unit condominium building at 494 Hempstead Avenue, in Malverne, located about half a mile north of the neighborhood’s Long Island Rail Road station. The Nassau County site, which currently consists of two separate houses at 494 Hempstead Avenue and 1104 Hempstead Avenue, requires a rezoning for the project to be built, according to LI Herald. The zoning district would change from Residence A to Residence C-A if approved by the Town of Hempstead. A public hearing is scheduled for January 26th.
Dubbed Sun Valley Towers, Alma Realty Corp. is wrapping up construction on their five-story, 72-unit mixed-use building at 14 Brooklyn Avenue, in Nassau County’s Valley Stream. According to LI Herald, Blink Fitness will occupy 15,000 square feet on the ground floor, and renting will begin by September. The building’s former developer also had plans for a second six-story mixed-use building on the same block.
Developer Bruce Ratner has revealed his plans to redevelop Nassau County’s Coliseum site in Uniondale, on Long Island. Plans call for the renovation of the stadium, which will seat 13,000, and 3.4 million square feet of office, retail and hotel development, reports the LI Herald. On the west end of the site, two four-story office buildings will line the street. At the north and south ends, nine-story hotel buildings are planned, and construction is slated to begin in August.
The Real Estate Board of New York is commonly thought of as the city’s top real estate lobbying group, putting out reports calling for more construction in the city, and often called on by reporters to…