Real Estate News

Real Estate News / 1404939

Southampton Town Seeks Community Feedback On Speonk Commons Application

icon 1 Photo

author27east on Oct 4, 2016

A special work session on an application for a change of zoning in Speonk—which would pave the way to build a 51-unit affordable housing apartment complex—will be held Thursday night, October 6, at 6 p.m. at the Remsenburg-Speonk Elementary School.

The development of “Speonk Commons”—a six-building affordable housing apartment complex—would involve altering the zoning for nearly 4.3 acres on the west side of North Phillips Avenue, from its current mix of residential and business use to multifamily residential use.

The application is being pitched by Georgica Green Ventures LLC, a for-profit, Jericho-based company that builds affordable and workforce housing and has the support of the Southampton Housing Authority. Georgica Green Ventures would knock down existing homes on the property and construct a complex featuring studios, one-bedroom and two-bedroom units, as well as retail space. Rents would range from as little as $930 a month for a studio to as much as $1,750 for a two-bedroom apartment, according to Southampton Town officials.

After listening to a presentation by land management officials at the September 22 Town Board work session, board members said they would like to have more information and feedback from community residents before allowing the application to advance to the environmental review stage.

You May Also Like:

New Path to Homeownership Opens at The Gables

The going rate for a condo in The Gables at Westhampton Beach, a 45-unit complex ... 11 Nov 2025 by Staff Writer

A Rush at the Top: $20M+ Sales Increase as Median Home Price Slips in Third Quarter

Before the third quarter home sales report even dropped, Judi Desiderio had a feeling that ... by Michelle Trauring

Veteran Hamptons Broker Ed Bruehl Moves to Christie’s With Plan to Grow Brand’s East End Presence

About two months ago at Top of the Rock, Ed Bruehl found himself sitting across ... by Michelle Trauring

Bridgehampton Oceanfront Estate Trades in $57M Off-Market Deal

The new owners of the striking modern estate at 125 Mid Ocean Drive in Bridgehampton ... 10 Nov 2025 by Staff Writer

$31.5 Million Sale of East Hampton Oceanfront Estate Marks One of the Year’s Biggest Deals

Nearly two months ago, the estate at 33 Lily Pond Lane in East Hampton closed ... 4 Nov 2025 by Staff Writer

North Fork Real Estate Hits New High With $11.2 Million Cutchogue Sale

The North Fork has done it again. On Thursday, October 30, the $11.2 million sale ... 3 Nov 2025 by Michelle Trauring

Georgica Pond Modern With Storied Past Trades for $22 Million

A minimalist home sitting along the shoreline of Georgica Pond, which was famously at the ... 28 Oct 2025 by Staff Writer

Online Auction To Offer Dozens of Suffolk County Parcels in December

Approximately 100 parcels will be sold to the highest bidder during this year’s Suffolk County ... by Staff Writer

Sagaponack, Water Mill Rank Among Nation’s Priciest Zip Codes

The East End has done it again. According to PropertyShark’s 2025 list of priciest zip ... 21 Oct 2025 by Staff Writer

Waterfront Bay Watch Hotel & Marina Hits the Market for $10.5 Million

Have you ever dreamed of owning a waterfront hotel and marina? Now you can, to ... by Staff Writer