Long Island group recognizes Hempstead Village makeover
November 3, 2011
By Aisha Al-Muslim
The $2 billion plan to revitalize downtown Hempstead Village has been designated as a “Project of Regional Significance” by the Long Island Regional Planning Council.
The council’s unanimous vote on Tuesday night recognized the social, environmental and economic benefits of the project to the Long Island community. The decision came after a presentation of the master conceptual plan by project developers Renaissance Downtowns, a Plainview-based developer, and UrbanAmerica, a New York City real estate investment firm.
The development team and village officials envision a combination of residential units including condominiums, co-ops and rental apartments ranging from studios to town houses that will accommodate all income levels. It would also include a hotel, a mix of shops, open spaces, parking and entertainment. The project would create more than 3,000 permanent jobs and 10,000 construction jobs, developers and village officials have said.
The council’s designation could help in getting federal and state funding for infrastructure improvements in the village, including sewer upgrades, the project developers and village officials said.
“We are excited to move on to the next step in working with the Village of Hempstead to secure a Community Benefits Agreement and Project Labor Agreement with an eye toward breaking ground in early 2012,” Donald Monti, president and chief executive of Renaissance Downtowns, said in a statement.