A proposed $35 million mixed-use, transit-oriented development that would include 60 apartments and 12,000 square feet of retail space is currently up for debate in downtown Roslyn.
Roslyn-based J.K. Equities, a father-and-son team of real estate developers, submitted a proposal requesting the Village of Roslyn to consider changing the zoning for part of Warner Avenue near the Roslyn Long Island Rail Road station to a Transit Oriented Development District.
“These districts are increasingly popular throughout the region in order to encourage young commuters to stay on Long Island,” Roslyn Mayor John Durkin wrote in a letter to residents last month. “The first step in his process is for the board of trustees to consider and weigh the impacts that this change would incur.”
The proposal comes as The Roslyn Landing project is in its final stages and a new apartment complex on Lumber Road was completed and fully occupied. The board is also considering a pair of mixed-use project in its Waterfront Overlay District on Lumber Road. The village has hired outside experts, including urban planners, traffic engineers, and geotechnic engineers, to assist with the reviews.
J.K. Equities’ plan calls for demolishing a building erected in 1947 and containing 11 storefronts located at 281-301 Warner Ave. Built in its place would be a four-story apartment building with room for seven stores on the ground floor
“There are essentially three options: to leave Warner Avenue zoned as it has been for many years, to modify the zoning compatible with the developer’s vision, or to modify the zoning in some other way,” the mayor said. “After that, a developer, knowing the parameters we have established for the zone, could submit an application … This will be a lengthy, thoroughly vetted process, which at best will not reach fruition until the middle of the year.”