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Brookhaven Industrial Development Agency okays incentive package for Port Jefferson rental complex

01/10/18

FARMINGVILLE, NY (Jan. 10, 2018) – Frederick C. Braun III, chairman of the Town of Brookhaven Industrial Development Agency, announced that the Agency has approved a package of economic incentives for a developer planning to construct rental apartments on the site of a blighted, former boatyard in Port Jefferson.

At their January 10 meeting, the IDA board approved the incentives for Northwind Group LLC of Hauppauge, operating as Overbay LLC, for its $10.8 million project, at 217 W. Broadway, overlooking Port Jefferson Harbor.

The project includes the now-completed demolition of two buildings that were vacant for more than five years and redevelopment of the1.84-acre property with a nautically-themed, 54,000-square-foot building containing 52 apartments.

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