Waterfront apartments could get financial aid

Waterfront apartments could get financial aid

The Overbay apartments are planned for the former Islander Boat Center on West Broadway, above. File photo

The developer of a controversial apartment complex planned for Port Jefferson’s West Broadway may get financial assistance to help build it.

The Town of Brookhaven Industrial Development Agency announced last week that it had accepted an application for consideration from Hauppauge-based Overbay LLC, which has approval from the Port Jefferson Village Planning Board to construct two 35-foot buildings containing 52 rental apartments.

Overbay is owned by North Shore developer Jim Tsunis.

Some residents have spoken against the project, slated for the corner of Brook Road at the former Islander Boat Center property, with concerns about increased traffic and density. Part of their resistance is linked to the fact that another apartment complex called the Residences at Port Jefferson — a 112-unit building — is due to go up next door at the corner of West Broadway and Barnum Avenue, in the place of the former Heritage Inn. TRITEC Real Estate Company in East Setauket is leading that development.

“We don’t want to be urbanized,” resident Phil Griffith said at a public hearing earlier this year. “It is just too much.”

In both projects, neither of which required variances for approval, parking will be contained underneath the apartments and the housing will replace longtime community eyesores at village’s western entry point.

According to the IDA, which aims to boost the economy within Brookhaven Town by assisting businesses in locating or expanding in the area, it will consider Overbay’s application for financial assistance over the coming few months and will hold a public hearing on the matter.

“We’re pleased to consider this application for this project, which will grow the much-needed supply of rental housing near to Stony Brook University and Port Jefferson’s Mather and St. Charles hospitals,” IDA Chairman Fred Braun said in a press release.

The three-story apartment buildings are expected to create two permanent jobs and 150 construction jobs over a two-year period, the IDA said. Rents could range from $1,800 to $2,200.

There is no commercial component to the Overbay project, though there had been commercial space included in previous proposals for the site.

The IDA has already assisted another apartment project in the area this year, the Rail Realty complex along Texaco Avenue in upper Port. That project, dubbed the Hills at Port Jefferson, will include two three-story buildings for a total of 74 rentals — a mixture of studio, one-bedroom and two-bedroom apartments — and underground parking.

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