AvalonBay Communities

Hempstead advances three key development projects

By GREGORY ZELLER // It’s been a busy week in the Town of Hempstead, where local economic-development officials have hit the gas on a multitude of projects. The Hempstead Industrial Development Agency on Tuesday approved the sale of Park Lake Residences, an affordable-housing complex located in the Village of Hempstead, and the reassignment of existing economic benefits to the complex’s new owner. The IDA also granted preliminary approval to an economic-benefits package that will allow…


E-whupped retail developers extoll mixed-use planning

By GREGORY ZELLER // The experts have spoken, and their message about the future of retail real estate is clear: Mix it up. Faced with rising e-retail options and dwindling attendance at brick-and-mortar shopping malls, property owners will need to incorporate mixed-use development into their future plans, including combined retail and residential uses. So say AvalonBay Communities Senior Vice President Matthew Whalen, Perkins Eastman Architects principal Stanton Eckstut and Kimco Realty Corp. Northeast Regional President…