New development on Long Island marks a definitive shift in local demand; more than ever, residents value hassle-free, city-style living that puts the urban in suburban.
Garvies Point was recently featured in a New York Post story about how city-style living is increasingly trendy in the suburbs.
“We’ve been focused on [this] void in the market for about a decade,” says Frank Haftel, project executive at RXR Realty, which is developing the $1 billion, 56-acre Garvies Point project in Glen Cove.
Last week, RXR announced that two residential structures there began construction. One of them, The Beacon — a 167-unit condominium — will have pads from $575,000. The other is a two-building, 385-unit rental called Harbor Landing that will contain studios through two-bedrooms. They’re poised to open in 2019. This site will also include 548 additional units across five other buildings, 28 acres of public open space and up to 75,000 square feet of shops and restaurants. Garvies Point, set to be fully completed in 2022, will stand just a quarter-mile — five NYC blocks — from downtown Glen Cove. A shuttle will whisk residents to the LIRR for the hour-long ride to Penn Station, and an on-site ferry will provide trips to Manhattan.
“The idea here is to create a community that is integrated … but is also a brand-new, vibrant, walkable community,” Haftel says.