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Artist's rendering of new Oceanside rental complex / Courtesy of The Feil Organization
Artist's rendering of new Oceanside rental complex / Courtesy of The Feil Organization
$60M Oceanside rental project gets county support
David Winzelberg //September 5, 2018//
Listen to this articleElected officials joined developers in Oceanside Wednesday to voice support for a $60 million apartment project that replaces a complex destroyed by Hurricane Sandy in 2012.
Manhattan-based Feil Organization is building a 260,000-square-foot rental complex that will bring 230 apartments to a 5.19-acre site at 2930 Rockaway Ave. The new development replaces the former 105-unit Woodcrest rental complex on the property that was destroyed by Hurricane Sandy.
Feil, which has owned the Woodcrest property since 1979, received about $2.3 million in economic incentives from the Nassau County Industrial Development Agency for the new project in May. The Town of Hempstead granted a change of zone earlier this year to accommodate the project’s higher density.
The transit-oriented complex, which will offer non-age-restricted, market-rate rentals, is adjacent to the East Rockaway Long Island Rail Road station. Twenty-three of the apartments will be designated as workforce housing and leased at a reduced rent to households earning up to 80 percent of the area median income.
