Officials of The Village of Lynbrook are mulling a proposal by Mill Creek Residential to build a luxury apartment complex on a three-acre site in the community.
“Today’s apartment residents are craving a downtown living experience along with convenient access to a mix of urban and suburban lifestyle experiences,” Russell Tepper, a senior managing director at MCR, told the local newspaper. “Lynbrook’s new residential community would serve all types of residents … so that they may take advantage of the luxuries of suburban living, without sacrificing the trappings of an urban, modern lifestyle.”
MCR has built complexes in West Hempstead, Mineola, Yonkers, Westchester County and New Jersey. Tepper said that the company would create a transit-oriented residential community — a walkable neighborhood within a half-mile of public transportation.
Tepper and Nick Halstead, a development associate for MCR, presented their ideas to Mayor Bill Hendrick and the village board at an Aug. 14 meeting. They proposed the construction of 250 studio and one- and two-bedroom apartments, with courtyards and amenities including outdoor kitchens, balconies and rooftop decks.
Company representatives did not offer details about the buildings’ design, or what they might rent for, but Tepper said they would be intended for millennials as well as baby boomers looking to downsize.
The proposed complex would have a parking lot with 1½ spaces per apartment. A shuttle would be available, Tepper said, for residents to take to and from train stations and other forms of mass transportation. They would be zoned for the Malverne School District.
According to Village Attorney Peter Ledwith, the board would have to pass a law to create a new overlay district — an area around the development with different standards and rules to those in the rest of the village — because village code requires 2½ parking spaces per apartment.
The site is currently occupied by Hot Skates, Fun Station USA and Hi Tech Security. According to Tepper, the sale of the businesses has not been finalized, and the deal is also contingent on approval by the board.
Hendrick declined to comment when asked whether he had discussed the proposition with the trustees, or when the board might decide on whether to proceed with a public hearing. Last month, Hendrick said that he and the board were open to proposals for condominiums in the village, but did not mention rental apartments. The comments came after a hotel developer backed out of a project that had been in the works for 13 years to build a Courtyard by Marriott downtown.
Should the apartment project move forward it would take about 24 months to complete construction. Tepper said MCR would make an investment of about $80 million in the complex, and apply to the Nassau County Industrial Development Agency for a payment in lieu of taxes, or PILOT, plan, most likely for 20 years.
Reported by the LIHerald.com (Aug. 24, 2017)
For complete contact information for all offices and key personnel of Mill Creek Residential refer to The Directory of Multifamily Builders & Developers and online database.