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Construction has begun on a $50 million mixed-use project in Roslyn.
Developer JK Equities was able to break ground on the transit-oriented project at 281-301 Warner Ave. after securing a $35.8 million construction loan provided by Provident Bank.
Designed by Mojo Stumer Architects, the development will bring 54 rental apartments over 6,600 square feet of retail space to the property located a short walk to the Roslyn Long Island Rail Road station that was formerly occupied by a blighted strip of vacant retail stores.
The Roslyn project received economic incentives from the Nassau County Industrial Development Agency and was recognized as a Top Mixed-Use Project by Long Island Business News’ 2022 Real Estate, Architecture & Engineering Awards.
“This is yet another significant milestone for this development since our acquisition in 2019, we are ecstatic for construction to begin,” Jerry Karlik, principal of JKE, said in a company statement. “After gaining approval of our plans, and working with our team, we are happy that this project, part of the Industrial Development Agency program and Brownfield Cleanup Program, will be delivering a new, walkable and transit friendly development for this neighborhood that I’ve lived in and cherished for many years.”
The 105,000-square-foot project includes parking for 130 vehicles and as many as 30 electric-vehicle charging spots. A portion of the one- and two-bedroom apartments will be designated as workforce housing and leased at reduced rents.
Mark Stumer, founding principal of Mojo Stumer, said the new building’s architecture has a very distinct character and form.
“With a dynamic material palette of wood, black brick, and concrete-look porcelain, the façade design visually breaks the building down to smaller components as it wraps the substantial grade changes across the property,” Mark Stumer, founding principal of Mojo Stumer, said in the statement. “The result is a creatively designed, and site-responsive piece of architecture which will be an exciting new landmark at this southern entry point to the Village of Roslyn.”
The development is expected to be completed in early 2024.
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Image and article originally from libn.com. Read the original article here.