Elliot Monter, president of the Westbury-based Holiday Organization, a major Long Island builder of residential communities with the word Hamlet in their names, said Holiday had added a ranch model for the first time to its "estate" section houses at the Hamlet at Willow Creek, where 177 homes are being built around an 18-hole golf course in Mount Sinai in central Suffolk.
The corporation was construction manager of the 100 United Nations Plaza residential tower, general contractor for modernization at La Guardia Airport in 1996 and builder of the residential Museum Tower over the Museum of Modern Art.
But if a builder can put up 30,000 square feet of residential space on that same site, Mr. Maltz said, the value of the property rises to $2.1 million to $2.5 million.
In exchange, the developer gets the right to sell 40,000 square feet of residential development rights to a builder of market-rate housing on the East Side, and to keep the building's handful of stores.
Recent changes in laws on brownfields and availability of environmental insurance have made the redevelopment of old industrial sites and landfills more practical, said Jeffrey Freireich, a managing partner of the Kushner Companies, a privately owned builder of commercial and residential properties.
In a move to build as many as 200 low-cost houses in Huntington Town, two officials have proposed a law that would require builders seeking residential zoning changes to sell 20percentt of the planned units for $120,000 to $125,000.
While developers of residential buildings in Manhattan have not been compelled to provide parking facilities since the Clean Air Act of 1981, builders in Brooklyn must still accommodate a certain number of automobiles.
Mallow consists primarily of residential and farmland.
Steel has a history of residential use.
Contact developers of residential and commercial properties.
