Brookhaven Industrial Development Agency Closes on Uptown Port Jefferson Village Redevelopment

12/21/21

FARMINGVILLE, NY (Dec. 2, 2021) — Frederick C. Braun III, Chairman of the Town of Brookhaven Industrial Development Agency (IDA), announced that the IDA has closed on an economic development package that will assist as the developer constructs a mixed-use project that will further revitalize Uptown Port Jefferson Village.

The IDA closed on the agreement December 2nd with Port Development LLC., which intends to spend $15 million to replace the approximately 4,400-square-foot Lobster House restaurant and an 1,800-square-foot former florist shop, both located at Main Street and North Country Road, with a mixed-use space that will include 36 apartments and commercial space.

Port Development, an affiliate of the Gitto Group, a Port Jefferson-based developer, plans to demolish the two buildings, 4,400 square feet and 1,800 square feet, respectively, and replace them with a three-story building totaling 48,660 square feet. The complex will have 32 one-bedroom apartments of approximately 750-850 square feet and four two-bedroom units of about 1,200 square feet.

Resident amenities will include a fitness room, lobby and lounge spaces, an indoor garage, and a private outdoor patio and lawn/garden area.

The ground level of the proposed building, within walking distance of the LIRR’s Port Jefferson station, will include 1,800 square feet of commercial/retail space.

Previously, the Brookhaven IDA has supported two other Gitto Group rental properties, Rail Realty and Brooks Partners, also located in Port Jefferson.

“There is currently a high demand for rental housing in the Town of Brookhaven and the Port Jefferson area and this project will add to the supply,” said Braun. “Also, this development will make a positive, long-term economic impact on the village and further the revitalization of Upper Port.”

The project is expected to generate 133 construction jobs and five full-time equivalent permanent jobs. Construction
is expected to take 18 months.

About the Town of Brookhaven Industrial Development Agency

Since 1970, the mission of the Town of Brookhaven Industrial Development Agency is to improve the quality of life for Brookhaven residents by promoting and assisting the growth of businesses who support the Town through capital investment and the creation and retention of jobs. The IDA has issued millions of dollars in tax-exempt or taxable bonds and provided assistance through straight lease deals to encourage companies to either locate or expand in the Town of Brookhaven. This assistance has been extended to companies both large and small and has resulted in the direct creation of thousands of jobs for Brookhaven residents. The IDA has provided assistance to a wide range of companies, including Shoreham Energy LLC, Burmax, Intercounty Appliance, Suffolk Transportation, Tate’s Holding Co. and D&F Patchogue. For more information, visit BrookhavenIDA.org or call 631-451-6563.

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