Real Estate
Island Park Apartment Complex Gets Preliminary Approval
The 117 waterfront units would replace owner John Vitale's catering facility.
![A proposed Waterfront property in Island Park has been approved by the Town of Hempstead IDA.](https://patch.com/img/cdn20/users/24966732/20230718/030108/styles/patch_image/public/loft___18145846088.png)
ISLAND PARK, NY — The Town of Hempstead Industrial Development Agency has approved the development of a waterfront apartment complex in Island Park.
The IDA incentives will assist John Vitale, a longtime developer in Island Park to construct the 117 units on the site of his Bridgeview Yacht Club and Loft catering hall.
The $56 million Waterfront Boulevard project would replace a catering facility that Vitale told the IDA has been plagued by flooding. The apartment complex is expected to be built 18 feet above sea level to mitigate water damage.
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The proposed project is a 135,406-square-foot, 4-story building with 74 one-bedroom units and 43 two-bedroom units built atop a parking garage.
"This project will add to the town’s growing stock of much-needed rental housing," Parola said. "Moreover, the project will generate property tax increases that will significantly raise revenues for school districts and local governments."
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Vitale owns 10 acres on the southern tip of Island Park. He owns the Channel Club apartment complex and Barnum Landing shopping center. He is also co-owner of Jordan Farms.
The benefits package would be subject to further IDA review, a public hearing and a final authorizing resolution.
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