News: Long Island

Axelrod & Cherveny designs the Piazza @ Glen Cove

When Jobco Realty and construction owner Michael Pontillo was inspired to enliven the Glen Cove Village Square in the grand tradition of historic European piazzas, he looked to the award-winning architectural firm of Axelrod & Cherveny to bring his vision to reality. "The precedent setting architecture and site plan design for the Piazza @ Glen Cove will establish a new benchmark for the many downtown areas across Long Island that are in need of revitalization and/or redevelopment," said Glen Cherveny, managing partner of Axelrod & Cherveny Architects and GRCH Architecture. The Piazza @ Glen Cove features ground level commercial space and three-four stories of housing above the retail. The housing consists of 142 apartments - ranging in size from 750 s/f for a one-bedroom, affordable apartment to 1,200 s/f for a two-bedroom, market rate apartment. There will be 28,000 s/f of retail space for service-oriented businesses as well as parking for 107 cars in an underground parking garage. The centerpiece of the Piazza @ Glen Cove will be a decorative brick public plaza. Now that the City of Glen Cove has granted zoning approval under its Master Plan, the mixed-use development is expected to break ground in early 2012 with completion slated approximately 18 months after that. The design for the Piazza @ Glen Cove already has received a "Creating Sense of Place" Award from Vision Long Island. According to the organization, "the revitalization of Village Square seeks to attract and keep young professionals on Long Island by providing a more compact, vibrant and walkable 'place' with new business and job opportunities."
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
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Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.