line-height: 1.3em; Nassau County Executive Bruce Blakeman (second from left) with construction workers at the topping-out ceremony in Long Beach. Sutton Landing was designed and developed by Engel Burman, award-winning home builders who live and work on Long Island. The site has been largely abandoned for years and . Construction on thenew project will take about two yearswithfirst move-insexpectedin thesecond halfof 2023. It is mandatory to procure user consent prior to running these cookies on your website. Shore Road. Subscribe for access to the latest digital and special editions. Having built over 5,000 homes in 20 years, our commitment to excellence in design, engineering, architecture, and construction remains steadfast. Jericho-based Engel Burman and its development partners Harrison Street Real Estate Capital are bringing 438 rental and for-sale residences tothewaterfront parcel located between Long Beach Boulevard and Riverside Boulevard often referred toas the Superblock. Leasing Specialist/ Event Coordinator. font-weight:400; The project is expected to generate $130 million in new taxes over the first 25 years, Engel Burman said on its website. The plan by developer Engel Burman to build 200 condos and 238 apartments on the oceanfront Long Beach site known as the Superblock, along with a 1,000-slot parking garage and 6,500 square. Cost: $500 million. font-size:18px; Learn how to leverage transparent company data at scale. Get our free LIBN e-alerts & breaking news notifications! We are averaging . They issued a request for proposals for a developer to build a hotel, catering hall, convention center, restaurant and an assisted-living facility, none of which ever materialized. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Below are the 10 largest new apartment projects that broke ground last year, as tabulated by Dodge: Miami Construction at the site had been stymied for decades with prior developers as the city opposed tax breaks and previous plans for 522 apartments in a pair of 15-story buildings. Engel Burman principals form new development firm. At the ceremony, officials led by Nassau County Executive Bruce Blakeman, signed a steel beam that was to be lifted 10 stories to the top of one of the projects buildings. Concrete work ( pile . The 40-story tower will be located on the Pacific oceanfront, and will offer 350 residential units and two levels of residential amenities. . Cost: $485 million. Fittingly, the property will include the first U.S. location of Starwood Capital Group founder and CEO. Offsite work has been completed along Riverside Blvd and Long Beach Blvd. Monthly rents at the apartments will likely run between $3,500 and $5,000. As a fully integrated real estate company, we share our cross-departmental experience to continually learn, adapt, and evolve, merging our divisional expertise at every stage of the process, from concept through completion and beyond. Its better than a giant empty lot.. Engel Burman received a tax break from the Nassau Industrial Development Agency and will get a credit on the first $2.5 million in permit fees, because the city already received that money from iStar. A condition of the project also called for between $3 million to $5 million in infrastructure improvements. After just a year, large sections of the buildings have been completed. Engel Burman has been honored as a Top Long Island Workplace four years in a row. By clicking Accept, you consent to the use of ALL the cookies. Engel Burman received a tax break from the Nassau Industrial Development Agency and will get a credit on the first $2.5 million in permit fees, because the city already received that money from iStar. This category only includes cookies that ensures basic functionalities and security features of the website. The company leased 21,000 square feet of office space. Easy Interview. Brooklyn, New York Atlanta text-align:center; You're still seeing Miami and Chicago and Boston, but it's not as concentrated in New York City as as we saw prior to the pandemic.".
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