TRITEC Real Estate Company and Castagna Realty Co. are developing a four-story, 232,917 square-foot office building on a 9.73-acre swath of land at 3400 New Hyde Park Road, in the Town of North Hempstead village of North Hills, located in Nassau County. According to Real Estate Weekly, the developers have landed an undisclosed amount in financing, which should propel the project to its anticipated completion in 2017. The office building will serve as the new headquarters for Dealertrack Technologies. The property has since been cleared and construction is currently underway. Spector Group and Combined Resources Consulting and Design are behind the project’s design.
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.
Beechwood Organization has demolish the dilapidated warehouses at 5 Atlantic Avenue, in East Rockaway, and is now backfilling the property to make way for an 84-unit residential development. The project, dubbed Marina Pointe, will consists of four-story buildings in the form of attached townhouses and condominiums, LI Herald reports. Site preparation should be complete by early 2016, with construction following shortly after. Completion is expected before 2017. The site is located across the street from the East Rockaway Long Island Rail Road station, in southern Nassau County.
Macerich Company, the owner of Green Acres Mall, in Valley Stream, recently broke ground on a two-story, 335,000 square-foot retail complex adjacent to their mall at 750 Sunrise Highway, one block east of the Queens border. According to LI Herald, the shopping center is being dubbed Green Acres Commons, and Ashley Furniture HomeStore, BJ’s Restaurant & Brewhouse, Burlington Coat Factory, Dick’s Sporting Goods, as well as other tenants, are expected to lease spaces when it opens in the fall of 2016.
Back in April, Forest City Ranter proposed their Nassau Coliseum redevelopment plans to the Town of Hempstead, and a month later, their submission was approved, with the first phase expected to include stadium renovations and adjacent new retail space. Now, a team of business and government officials are proposing a 250,000 square-foot bioelectronic research facility on a portion of the 91-acre Uniondale site, according to Innovate Long Island. The $300 million complex would host 50 laboratories and engineering shops, and would be built atop an underground parking garage.