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:

Quail Ridge Residents Scramble After Apartments Are Purchased for Redevelopment | 27Speaks Podcast

The tenants of Quail Ridge — the two dozen studio and one-bedroom apartments spread over ... 3 Jul 2025 by 27Speaks

Water Mill Property Where Hal Buckner and Dorothy Lichtenstein Left Their Marks Is for Sale

A Water Mill property that hosts a former dairy barn turned artist’s studio and a ... 30 Jun 2025 by Brendan J. O’Reilly

Sundays on the Bay Hits the Market

Sundays on the Bay restaurant and marina on Dune Road in Hampton Bays has hit ... 29 Jun 2025 by Staff Writer

Hamptons Rental Market Remains Alive and Well

To paraphrase Mark Twain, reports of the demise of the Hamptons summer-rental market are greatly exaggerated. “Any hint that the Hamptons rental market is anything but robust is completely wrong,” said Corcoran associate broker Gary DePersia in East Hampton. An interesting dynamic is stirring in the Hamptons vacation-rental market. Although there has been an unprecedented rise in short-term rentals and the aftershocks of the COVID-19 pandemic linger, it has been a bumper crop year for Wall Street, interest rates have remained steady and a new breed of demanding customer is emerging. Despite it all, the Hamptons vacation-rental market remains as ... 19 Jun 2025 by Joseph Finora

Jon Vaccari Joins Noble Black & Partners at Douglas Elliman

Jon Vaccari, a longtime resident of Sag Harbor, has joined Noble Black & Partners at ... 18 Jun 2025 by Staff Writer

Appeals Court Sides With Landowner Over Southampton Village ZBA

Southampton Village has lost an appeal that sought to reinstate a Zoning Board of Appeals ... 12 Jun 2025 by Brendan J. O’Reilly

Last Parcel of Startop Ranch in Montauk Sells

The last plot of land at Startop Ranch in Montauk, 107 Startop Drive, has sold ... by Staff Writer

Hamptons Real Estate Roundtable, Memorial Day Weekend 2025 Edition

With Memorial Day weekend about to kick the Hamptons into high season, The Express News ... 22 May 2025 by Moderated by Brendan J. O’Reilly

Au-Delà Real Estate Vows To Go 'Beyond'

Au-Delà Real Estate, a new boutique real estate firm based in East Hampton, is now ... 20 May 2025 by Brendan J. O’Reilly

AI Helps Rental Seekers Find Homes That Match Their Aesthetic Preferences

Consumers increasingly have an expectation of superior, more personalized service based on their own particular ... by Steven Loeb