MARKET INSIGHTS · LOCAL TRENDS · FUTURE OPPORTUNITIES
October brings a new development opportunity to market and another step forward for senior housing on the South Shore. North Village Realty has been retained exclusively for a 15-unit approved site in Hempstead, while a proposed Oceanside assisted living community is seeking financing and tax incentives to move toward construction.
Oceanside Senior Living Project Seeks IDA Support
A proposed $108 million assisted living and memory care community at 380 Atlantic Avenue in Oceanside is seeking tax-exempt financing and Nassau County IDA benefits. Planned for the 2.36-acre site, the three-story, 77,312 SF facility would include 53 assisted living units and 31 memory care units, managed by Sunrise Senior Living. The IDA granted preliminary inducement on October 19; final approval remains pending.
Patchogue Approves Expanded 136-Room Hotel
Patchogue’s Planning Board approved a revised plan on October 13 for the proposed Tapestry by Hilton at 138 West Avenue, near the LIRR station and Watch Hill ferry terminal. The approximately 124,000 SF project now includes 136 rooms, a rooftop pool and restaurant, and event space. Approval includes conditions for off-site parking, larger events and ongoing parking monitoring. The developer is also seeking a 20-year IDA tax agreement; additional permits and approvals are still required.
Under Contract: 325 Merrick Avenue, East Meadow
North Village Realty’s exclusive listing at 325 Merrick Avenue in East Meadow is now under contract, with a last advertised asking price of $5.4 million. The 10,316 SF medical and professional office building sits directly across from NYU’s new ambulatory care center and offers elevator access and private on-site parking on approximately 0.73 acres.
Compare Fresh Brings Grocery Anchor to Downtown Hempstead
A ribbon-cutting was scheduled for October 30, 2026 at Compare Fresh Foods, the new 17,000 SF supermarket at 159 Main Street. The store anchors the retail space at Carman Place, a $122 million development with 228 affordable apartments. For downtown Hempstead, the opening adds an everyday shopping destination alongside new housing—an important step in turning redevelopment into a more useful, active neighborhood. José Luis and Lisset Ureña own and operate the store.
Image: BHC Architects. Reporting: Long Island Business News.
Coming Soon: 15-Unit Hempstead Development Site
North Village Realty has been retained exclusively to market 85 South Franklin Street in Hempstead, a development site approved for 15 residential units. The seller is willing to consider a sale subject to building permits and potentially IDA approval. Contact Tom Bigansky for details and development plans.
MTA Approves Ground Lease for 184 Westbury Apartments
Westbury Commons has cleared another major step: the MTA board approved a 99-year ground lease valued at $15.5 million for Gotham Organization’s planned development on a former LIRR parking lot. Following village site plan approval, the $100 million project calls for 184 apartments, 2,000 SF of retail, a public plaza and 254 parking spaces. Nineteen apartments would be affordable. Construction is targeted for 2027, subject to building approvals, with leasing expected in 2029.
Thinking About a Sale?
North Village Realty specializes in representing commercial property owners on Long Island’s South Shore and across Nassau and Suffolk. If you are weighing a sale in the next year or two, the conversation is worth having early.
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October 2026 newsletter archive. Development plans and market conditions reflect the information in this edition and may change.