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Conifer - A real estate development and management company

2017 Smart Growth Awards
VISION Long Island

"One of this year’s winners for Housing Choices goes to the Town of Riverhead and Conifer Realty for their work on Peconic Crossing.

Peconic Crossing consists of 45 units and contain artist’s housing, similar to what has been done with ArtSpace in Patchogue. Through collaborative efforts between the Town and private developers, Conifer Realty, Peconic Crossing will be built in the heart of Downtown Riverhead, home to East End Arts. This centrally located development will create opportunities for walking or biking to work and visiting restaurants and shops. Apartments will be spacious and energy effi cient, with preference given to artists and those displaced by Hurricane Sandy.

After completion of the Town of Riverhead’s Master Plan theey have seen success downtown on a projects by project basis. They were able to acquire funds through New York State to make this project a part of their ongoing downtown revitalization. Riverhead has seen a resurgence in past couple of years with an increase in restaurants and events like “Alive After Five” that are bringing the community together and drawing more people to the area. East End Arts, a past Smart Growth Award winner and local art organization has been an integral part in helping revitalize Riverhead, which is why Peconic Crossing is such an exciting project to see move forward.

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Conifer Realty has been working on Long Island downtowns for years, including being the developer behind award winning projects such as Wincoram and Copaigue Commons. They have been ongoing supporters of Smart Growth and the values their company holds is made evident by their commitment to making communities stronger, walkable, and affordable. Many of their projects have affordable components, which is becoming an ever important component in new development on Long Island. Peconic Crossing will also be a mixed income development and provide necessary workforce housing that will support artists and those still displaced by Superstorm Sandy.

Peconic Crossing is an incredible example of private and public resources coming together to create housing that will be valued by the Riverhead community for years to come.

“I want you to remove something from your lexicon right now. This whole concept of workforce housing. We don’t want to use this anymore. I use Millennial housing. This housing that we’re building… it really is millennial housing, and we are getting beat up like crazy by calling workforce housing. So remove it from your lexicon, it is now millennial housing, and you millennials that are here take ownership of it. Because the old guys like me on the opposite side that don’t want it will try to block it on every avenue.” – Hon. Sean Walter, Town of Riverhead Supervisor

“It’s projects like this that have the opportunity to keep Long Islanders here for the long haul.” – Arthur Krauer, Conifer Realty"

Read the full article here

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