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Mixed-use development

Business
Ground Breaks On $33M Riverhead Town Square, Transforming Downtown Into Year-Round Destination Ground Breaks On $33M Riverhead Town Square, Transforming Downtown Into Year-Round Destination
Ground Breaks On $33M Riverhead Town Square, Transforming Downtown Into Year-Round Destination A nearly $33 million project to reshape downtown Riverhead kicked off Friday, Dec. 12, as state and local officials broke ground on a new Town Square that will link Main Street to the Peconic Riverfront and create a year-round public gathering space. The Town Square is the largest project funded through Riverhead’s $10 million Downtown Revitalization Initiative award. The New York State Downtown Revitalization Initiative contributed $4.2 million toward the plaza, which will serve as the centerpiece of the town’s broader redevelopment plans. Officials said the project is designed to draw vis…

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by Michael Mashburn
Sports
Washington Commanders’ $3.8B RFK Stadium Deal Approved: 'Today Is A Historic Day' Washington Commanders’ $3.8B RFK Stadium Deal Approved: 'Today Is A Historic Day'
Washington Commanders’ $3.8B RFK Stadium Deal Approved: 'Today Is A Historic Day' The Washington Commanders are officially coming home. The DC City Council voted 11-2 late on Wednesday, Sept. 17 to give the final approval for a $3.8 billion project to build a 65,000-seat stadium at the old RFK Stadium site. The plan also calls for a mixed-use development project in the surrounding neighborhoods, as well as affordable housing in the area. "Today is a historic day for DC, the Commanders organization, and our fans," Commanders owner Josh Harris said in a statement. "With the Council's approval, we can now move forward on the transformative RFK project that will bring lasti…

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by Zak Failla
Real Estate
Massive NY Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M Massive NY Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M
Massive NY Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M A massive production studio and waterfront development site in downtown Catskill is heading to auction, offering a rare investment opportunity at nearly half its original listing price. The 20,208-square-foot Lumberyard, a New York State Qualified Production Facility, will be sold to the highest bidder on Wednesday, March 20. Originally listed in 2023 for $11.5 million, the property now has a reserve price of $6.35 million — about 45 percent lower than its initial asking price. The auction follows Gov. Kathy Hochul’s recent announcement of a $10 million state grant to revitalize downtown Ca…

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by Chris Spiker