Project Detail

Avalon Rockville Centre

Developers: Avalon Bay Communities Inc.
Project Cost: $99,775,772

"We are very pleased to have been an early catalyst in the resurgence of downtown Rockville Centre. Although we had a number of obstacles to overcome to bring this project to fruition, we were helped immensely by the support of Supervisor Kate Murray and the IDA's Fred Parola. In the end, the effort was well worth it. We feel a strong sense of accomplishment and pride when we look at what these apartment homes have meant to the neighborhood: a more vibrant downtown, jobs, economic activity, and much needed homes for Long Island's young professionals and empty-nesters. It's building projects like this that make us feel so much a part of the very fabric of Long Island."

Matthew B. Whalen
Vice President, Development, Avalon Bay Communities, Inc.

Description

Avalon Rockville Centre is a luxury rental community with 349 one and two bedroom apartment homes. It is situated on seven beautifully landscaped acres with an array of first class amenities, including gourmet kitchens, an outdoor pool, a state-of-the-art fitness center, and outdoor BBQ and lounging areas. The community -- which is Energy Star certified and is the first National Association of Home Builders (NAHB) Green Certified Rental Community in the Northeast -- is well located in downtown Rockville Centre, steps away from the LIRR. Avalon Rockville Centre replaced a long dormant, former industrial site that was a blight to downtown Rockville Centre. It has brought PILOT payments, significant construction jobs, permanent employment, new residents, and enhanced economic activity to the neighborhood.

Benefits

PILOT Agreement, Sales Tax Exemption for the construction period