County Executive Ed Mangano today announced the grand opening of Nassau’s latest affordable, transit-oriented housing complex, Modera Mineola, which will provide much needed housing for working young professionals and seniors.
Mill Creek Residential Trust constructed the five-story 275-unit apartment building at Old Country Road and Willis Avenue, in downtown Mineola. The $93 million project created 338 construction jobs and six new permanent full-time equivalent jobs. This housing complex was built from converted empty office space, which will also benefit downtown Mineola and the local economy.
Modera Mineola is surrounded by Mineola’s downtown shops and restaurants, Central Nassau’s dense concentration of employers, retail and cultural venues, and is in close proximity to the Long Island Rail Road.
Nassau County is expected to reap economic benefits from the project of more than $97 million over the 20 years following the completion of construction.
County Executive Mangano has said, since first taking office in 2010, that it’s a priority of his administration to help create new ways in which to assist residents, young families and meet employers-need for a skilled and educated workforce.
“My administration and the Nassau County Industrial Development Agency are proud to have partnered with Mill Creek on this project,” he said. “This transit-oriented development project goes a long way toward helping meet the demand for new housing in Nassau. These housing opportunities assist young families, who often seek rental opportunities as their starter home.”
The 275 new units unveiled today, are in addition to more than 3,500 new apartments which have opened or are under construction in the County.