Written by Linda Portney Goldstein, email@example.com Thursday, 15 August 2013 00:00
The Trustees of the Village of Port Washington North voted on August 6 to accept the proposal of J. Kapadia & Bhavat Patel for the sale and development of 7.45 acres of land in the village.
The property is adjacent to Mill Pond Acres on the south side and bounded by Glamford, Radcliff and Avenue C. The proposed project is unique in that all approvals necessary for a 44 unit, 55 and over community have already been granted by the village and the Nassau County Planning Board under the terms of a previous contract for development which did not proceed as planned.
Mayor Bob Weitzner said, “That earlier deal fell through because of the time it took for the village to resolve other legal issues, and the worldwide financial crises, which made financing difficult.” The original approvals for the sale and development of the land were passed more than four years ago.
In October 2012, the trustees approved a resolution to Request Proposals (RFPs) for the sale and development of the parcel. From the outset they established that along with the price, the density of the proposed development would be critical in awarding a contract.
Responses were due by January 31, 2013.
A subcommittee was formed to evaluate the four responses. After spending the last six months reviewing the responses, the subcommittee recommended to the Board of Trustees that J. Kapadia & Bhavat Patel be awarded the contract. Coincidentally, Kapadia was the developer that was awarded the original contract. Now, with the addition of a partner, Bhavat Patel, they have agreed to pay $6.1 million for the property. While the sale price today is less than it would have been five years ago, it is far less than the village will spend to realize their objective of acquiring park land in another location.
Mayor Weitzner said, “The proceeds from the sale will enable the village to purchase land along Shore Road and Channel Drive, which will designated as park land.” The purchase price of the parcels, approximately seven acres comprised of what is commonly referred to as the “front lawn of the old Thompson Industries” and the public space at the Publisher’s Clearing House site, “will provide the Village with park land that will benefit all Port Washington residents.”
The next steps in the process include reaching contractual terms with the developer, a specific site plan review, and a public meeting regarding the project during the next few months.