Lottery Coming Soon For Mixed-Income Apartments In Riverhead

RIVERHEAD, NY — After months of anticipation, a lottery will be held to pick the residents and develop a waiting list for 45 new mixed income apartment development in Riverhead that will afford an infusion of workforce housing opportunities to the area.

The lottery for Peconic Crossing, located at 11 West Main Street, will be held on June 1 at 10 a.m. at Riverhead Town Hall.

Community Development Corporation of Long Island and Conifer Realty, LLC teamed up to create the 45 mixed-income apartments, which are nearly complete in downtown Riverhead, in the five-story building that also features a fitness center and laundry facilities.

"Residents will enjoy walking or biking to work, restaurants, shops and more. Peconic Crossing will create spacious energy-efficient, one and two bedroom apartment homes," developers said.

Peconic Crossing will also offer gallery space available for residents to Create - Collaborate - Live, with preference will be given to artists and those displaced victims of a covered storm including, but not limited to, Superstorm Sandy, Hurricane Irene and Tropical Storm Lee.

The one bedroom apartments will be rented for $976 to $1,159 and the two bedrooms, for $1,169 to $1,562, according to plans.

Present at the event will be Gwen O’Shea, president and CEO of CDCLI; Riverhead Town Supervisor Laura Jens-Smith; John McLane, East End Arts board president; Betty Perry, regional vice president of property management for Conifer Realty LLC; and other officials.

Patch courtesy photos.