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Patchogue Village Projects

As one of the earliest areas targeted for new development, Patchogue is far ahead of the pack in terms of mixed use, high-density housing projects that have been completed or are under construction.  Despite concerns that developing so much retail and residential space would detract from industrial development/job growth and strong opposition from residents who worried about Patchogue becoming "another Queens," several hundred new rental apartments have been constructed (or are being constructed) in close proximity to new and old retail businesses and entertainment venues.

One recent visitor to Patchogue Village told Long Island Matters, "It's like driving through lower Manhattan with all of the drawbacks and none of the benefits. There's no place to park and the traffic is awful."

The Village is installing parking meters for non-resident visitors (residents can pay an annual fee for a parking sticker). The meters, which are anticipated to be ready in the Fall of 2013, are expected to bring $500,000 per year in revenue to Patchogue Village.

Projects include:

Project:

  • New Village
Location:
  • Main Steet and North Ocean Avenue, Patchogue Village ("Four Corners")
Developer:
  • Tritec Real Estate
Status:
  • Under Construction

This $100 million-plus development will include 291 rental apartments, 46,000 square feet of retail space and 18,000 square feet of office space at the Four Corners intersection in Patchogue Village.


Already under construction, tenants are expected to begin moving in next Spring, with completion of the project in the Summer of 2014. Residents are taken aback by how close to the street the frontage of this construction is. The artists renderings show ample, tree-lined sidewalks, but passersby do not see any room for that.


Prior to construction, the developer stated the rents would be as follows: studio - $1,450/mo., 1BR - $1,850, 2BRs - $2,400, and 3BRs - $2,850. Now that construction is underway, however, the developer says rents will start at $2,050 (see sidebar for public reactions to rental prices). They will not clarify whether this starting price applies to the studios or the 1BRs.


Prior to construction, the developer stated that apartments would range from 450 square feet for a studio to 1,300 square feet for a three-bedroom; the average unit will be 900 square feet.


For the commercial, retail, and office portions of this project, the developer was awarded a ten-year tax abatement. For the residential portion, they received a fifteen-year abatement.




Project:

  • Artspace
Location:
  • 20 Terry Street, Patchogue Village
Status:
  • Completed
Artspace is a mixed-use housing complex designed specifically for local artists to reside. The 5-story building consists of 45 loft apartments plus 2,500 square feet of retail space on the first floor. This project is strictly "affordable housing,"  meaning all applicants must demonstrate that they qualify for low-income housing under HUD guidelines or they cannot rent space here. A single individual, for example, must earn less than $43,560 per year to qualify. A couple must make less than $49,740 per year combined, and so on.


Project:

  • The River Walk
Location:
  • West Avenue, Patchogue Village 
Developer:
  • GRB Development
Status:
  • Partially constructed
The River Walk is a 163-unit condominium development within walking distance of the Patchogue LIRR station. Once completed, there will be 18 buildings consisting of 110 condos (apartment-style), 36 three-bedroom town homes, and 17 two-bedroom town homes in 18 different buildings. Prices will range from $290,000 to $375,0000.

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