Eagle Cliff Real Estate Partners has secured a $19.5 million construction loan to complete a Class-A logistics and distribution center at 4955 Veterans Memorial Highway in Holbrook, Long Island. Located in Suffolk County, the property will debut as the Holbrook Logistics Center with more than 108,000 square feet.
Blue Communities, a Long Island-based developer, has broken ground on a new rental property at 101 Searing Avenue in Mineola, Long Island. Designed by BLD Architecture, the six-story property will debut as The Royal Blue and comprise more than 100,000 square feet of residential area. Residential floor plans will range from one to two-bedrooms averaging 875 square feet to more than 1,400 square feet. Each home will feature name-brand finishes and appliances.
New York’s Regional Development Council has awarded $24 million to high-priority infrastructure and manufacturing projects across the state. Two of the 28 projects awarded are located in Queens and Long Island and represent roughly $895,000 of core capital grant and tax-credit funding from Empire State Development.
New York Governor Kathy Hochul recently announced a $7.6 million fund that will help animal shelters and humane societies across the state complete renovation, expansion, and construction projects. Known as the New York State Companion Animal Capital Fund, the funding will support 21 shelters and societies, including two in New York City and four in Long Island.
Construction is in full swing at the Good Samaritan University Hospital campus in West Islip, Long Island, where the medical center will soon debut a 300,000-square-foot patient care pavilion. Led by owner and developer Catholic Health, the development costs hover around $500 million and construction broke ground in May 2022.
