$160M Patchogue apartment project gets IDA assist

A $160 million luxury apartment project planned for downtown Patchogue received a package of economic benefits from the Town of Brookhaven Industrial Development Agency. 

The project entity, 214 Main Owner, LLC, an affiliate of Farmingdale-based Nord Development Group, led by Joseph Rossi and Peter Ferrandino, plans to build a two-building, 455,000-square-foot residential rental complex that will bring 262 apartments to a 4.08-acre site on West Main Street.  

The development called Carriage House, which LIBN was first to report in March, will replace two vacant mixed-use buildings, a vacant industrial building, an auto repair shop and a metal fabrication facility at 188-214 West Main St. 

The project’s two five-story buildings are bisected by the northern end of the Patchogue River, and the plan includes a reclamation of the waterway and a new riverwalk and park area spanning 32,570 square feet. The buildings also provide on-site parking for 410 cars on the ground level.   

With 108 apartments in the building on the east side of the river and 154 in the building on the west side, the development will have a total of 49 studios, 141 one-bedroom units and 72 two-bedroom units. 

Twenty-seven apartments will be affordable housing for residents whose incomes are at or below 80 percent of the area median income and 26 apartments will be reserved as workforce housing for residents whose incomes are at or below 120 percent of AMI. 

Monthly rents for the market rate apartments will range from $2,700 to $4,000, while the monthly rents for the workforce units will range from about $2,000 to $3,000 and the monthly rents for the affordable units will range from about $1,900 to $2,500, according to the developers. 

The project includes the leasing of refurbished office space in what is known as the Trolley House to the Patchogue Chamber of Commerce for $1 a year. The Trolley House is the last remaining part of Patchogue’s historic Lace Mill, which was shuttered before a fire destroyed it in 1972, according to an IDA statement. 

Construction on the Carriage House project is expected to start shortly and will take about two years to complete.   

“This project, when built, will be a wonderful bookend for West Patchogue,” Frederick Braun, Brookhaven IDA chairman, said in the statement. “We are happy to assist with this project, which is situated in an area of the village that needs redevelopment. It will provide much-needed additional rental housing for our residents.”