Southern Land Company (SLC), a national real-estate developer of original mixed-use developments and master planned communities, recently announced details of its plans to build a new luxury apartment complex on 5.3 acres of vacant land in Hauppauge, N.Y, tentatively called Wind Watch Towers. The $60 million development will comprise two residential buildings, one at seven stories high and the second at four stories high with underground parking. Notably, 10% of the project’s units will be workforce development housing.
“We are excited to bring our standard of excellence to Long Island and provide an option for residents seeking quality, distinctive living,” said Joe Rossi, Northeast Director of Acquisitions for Southern Land. “At Southern Land, we strive to deliver authentic developments that fit within the communities they are built and address its needs. We believe we will establish the premiere apartment community in Hauppauge with this project and we’re excited to include 10% workforce development housing to area residents.”
SLC will begin construction in 2018 with pre-leasing on its 150 units in 2019 and a planned opening in 2020. The average Wind Watch Tower apartment home will measure more than 1,300 square feet—considerably larger than most newly constructed rentals. Homes will come equipped with granite counter tops, hardwood floors, 10-foot ceilings, and balconies. Rents at Wind Watch Towers will range from $2,500 to $4,600.
Residents will have access to a health and wellness floor equipped with a state-of-the-art fitness center, sauna, and spa, as well as take advantage of an outdoor pool. The property will offer unobstructed views of the golf course as it sits on one of the highest elevations in Long Island. It will be adjacent to The Hyatt Hotel.
SLC is actively seeking other opportunities for development on Long Island, including a willingness to co-invest on a sewer expansion with the city—demonstrating their commitment to enriching the communities in which they operate.
“While this is our first project in Long Island, we look forward to other opportunities to develop multi-family communities in this under-served market,” added Rossi.