Written by Rich Forestano, email@example.com Wednesday, 27 August 2014 09:08
Mill Creek Residential, a multifamily apartment developer, announced last week that Hudson House, an age and income exclusive 36-apartment community, located at 104 Front St. in Mineola is open for occupancy. Senior affordable homes are eligible for applicants 55 years of age or older and households earning at or below 80 percent of the area median income for Nassau and Suffolk counties, according to the U.S. Department of Housing and Urban Development.
Hudson House has received 16 applications so far, according to Mill Creek Vice President Jamie Stover.
“We have people ready to move in,” he said. “There’s been a dramatic increase in interest in the site. The Village of Mineola has been a great partner with us in this and we’re excited to see the first phase of this project come to fruition.”
The $93-million development of Hudson House and its sister complex, Modera Mineola on Old Country Road, stretches two developers, the former being Polimeni International LLC. Modera Mineola’s 275 apartments is scheduled to open next year.
“Hudson House is a welcome addition to our community,” Mineola Village Mayor Scott Strauss said. “It is one more building block in our downtown revitalization and in making our village master plan a reality. Additionally, it provides needed housing for seniors. We look forward to meeting and greeting the residents of Hudson House.”
Monthly rent for a one bedroom apartment in Hudson is $1,578 and monthly rent for a two bedroom apartment is $1,893.
Mill Creek acquired both properties from Polimeni International in May 2012, after plan approval from the Mineola Village Board. Polimeni originally wanted to build a 285-unit condominium complex at the site. They successfully changed its condominium plan to rentals in 2011,
citing production costs, market fluctuation and subdivision approval from neighboring village, Garden City.
“Despite a rough winter, we have steadily over the last couple of months, were able to make up time and are on schedule with [Modera],” Stover said.
The Nassau County Industrial Development Agency (IDA) announced in July 2012 that it had approved a $647,000 sales-tax exemption, a $1.7 million reduction in the mortgage recording tax and a 20-year abatement on property taxes. The county said it would reap economic benefits of more than $97 million over the 20 years following the project’s completion.
“Without this project the empty buildings and land on these sites would continue to be blights on the surrounding neighborhood,” IDA Executive Director Joseph Kearney said recently.
The Hudson House is an elevator equipped, four-story building with 28 one bedroom apartments and eight two bedroom layouts. The apartment homes feature modern open kitchen layouts with wood plank style flooring, raised panel cabinets and modern appliances.
Other features include keyless entry, and energy efficient heating and cooling systems. On site amenities include a common area social room with a flat screen television. On-site parking is exclusively available to residents.
“This significant investment by the private sector is an outstanding example of how progressive zoning can create innovative and much needed housing while leveraging mass transit options and a walkable suburban downtown,” stated Desmond Ryan, executive director of the Association for a Better Long Island.