Southampton Town Housing Authority Closes On Future Sites Of Sandy Hollow Cove Apartments, Speonk Commons - 27 East

Real Estate News

Real Estate News / 1398905

Southampton Town Housing Authority Closes On Future Sites Of Sandy Hollow Cove Apartments, Speonk Commons

icon 6 Photos

DCIM100MEDIADJI_0264.JPG

DCIM100MEDIADJI_0271.JPG

authorAmanda Bernocco on Nov 17, 2017

After several years of anticipation, two affordable housing complexes in Southampton Town will soon break ground.

The town’s housing authority closed on the two properties—one in Tuckahoe that will be the site of a 28-unit affordable housing complex, Sandy Hollow Cove Apartments, and one in Speonk that will be the site of a 38-unit affordable housing complex, Speonk Commons—last week.

Bonnie Michelle Cannon, the chairperson of Southampton Town’s housing authority, said it was a good feeling to close on the land, noting that the future rental units will be used by the town’s workforce—including young adults just starting their careers, who want to live and work in the same community they grew up in.

“It’s been a long time coming,” Ms. Cannon said. “We’ve gone through at least four administrations to get this thing going.

“Folks need jobs, and folks need a place to live, and folks need something to eat,” she continued. “Those are hot buttons for me.”

The affordable housing communities will be the first of their kind in Southampton Town. Over the years, both projects received some push back from residents in surrounding neighborhoods.

In Speonk, developers had to ultimately reduce the number of apartments from 51 to 38 after complaints about the community’s environmental impact.

Once the number of units was decreased, the community was largely in support of the project, which cost an estimated $15.8 million.

The complex consists of six two-story buildings and 38 rental units, including 12 studios and 14 one-bedroom and 12 two-bedroom apartments, available to residents earning between 50 percent and 90 percent of the average median income for the area, as well as one manager’s apartment. One building will have a community room and laundry facility on the ground floor.

In order to get both applications approved, Southampton Housing Authority Executive Director Curtis Highsmith combined the Sandy Hollow project with Speonk Commons. Combining the projects also helped secure a state tax credit, as both complexes are partnerships between the Town Housing Authority and Georgica Green, a for-profit, Jericho-based company that builds affordable housing.

The Sandy Hollow project, estimated to cost $11 million, includes three two-story buildings with 28 rental units among them: 14 studios, and 12 one-bedroom and two two-bedroom apartments, available to residents earning between 50 percent and 90 percent of the area median income.

Mr. Highsmith said a deadline for the lottery applications has not been set yet, but the lottery will be properly advertised and all people on the affordable housing waiting list will be contacted.

He added he is happy that the projects are moving forward and will have people moving into the complexes in the near future.

“I’ve been getting phone calls, emails, people stopping me in the grocery store—they’re excited about the opportunity,” Mr. Highsmith said. “The excitement has been growing.”

He said that because of the complexes, more of Southampton Town’s workforce will be able to live closer to their jobs.

“The dream is starting to become more of a reality,” he said.

You May Also Like:

Water Mill Compound Sells for $17 Million

An approximately 3-acre Water Mill compound with two legal residences — including one that integrates ... 25 Aug 2025 by Staff Writer

Hamptons Real Estate Roundtable August 2025

At the midpoint of summer, The Express News Group asked Hamptons real estate professionals from ... 14 Aug 2025 by Moderated by Brendan J. O’Reilly

CPF and CHF Revenue for the First Half of 2025

The Peconic Bay Community Preservation Fund and Peconic Bay Community Housing Fund brought in nearly ... by Staff Writer

Waterfront Residence in Water Mill Sells for $12.63 Million

A Water Mill residence built in 1987 fronting a cove that leads to Mecox Bay ... 12 Aug 2025 by Staff Writer

Serhant Agents Form 'Hamptons Home Team'

Dawn Watson of Serhant, in collaboration with fellow agents Lisa Oehler and Catherine Smyth, has ... 5 Aug 2025 by Staff Writer

Secluded Wireless Way Estate Sells for $7.65 Million

A secluded 2.4-acre Southampton estate built in 2017 near the village has sold for $7.65 ... by Staff Writer

Emily King Joins Saunders & Associates

Emily King, a Water Mill resident since 1991 and a longtime real estate agent, has ... 1 Aug 2025 by Staff Writer

Bridgehampton Modern Farmhouse North of the Highway Sells for $11.45M

A 10,000-square-foot modern farmhouse north of the highway in Bridgehampton recently sold for $11.45 million ... 30 Jul 2025 by Staff Writer

Zellman Lambert Team Joins Saunders & Associates

The Zellman Lambert Team, led by husband and wife Steven Zellman and Lori Lambert, has ... 29 Jul 2025 by Staff Writer

Oceanfront Southampton Village Residence Sells for $32 Million

An oceanfront traditional in Southampton Village known as “Camp Meadow” recently sold for $32 million. ... 18 Jul 2025 by Staff Writer