Mar 23rd 2021 | Posted in Public-Private Partnerships (P3) by Government Contracting Pipeline

New York – The town of Riverhead will seek a $10 million state grant and issue solicitations to achieve its vision for a town square project.
NY Riverhead Town development rendering New Yorks Riverhead considering P3s for town square concept

Riverhead Town development rendering

Town officials are working on purchasing three buildings in the downtown area and releasing a request for proposals (RFP) to demolish to clear space for the new square from Main Street to the Peconic River. Officials are considering public-private partnerships (P3s) that would see the town sell or lease the properties to private developers.

A transit-oriented development (TOD) on Railroad Avenue would feature zoning for a mixed-use concept with retail space on the first floor and apartments above the stores. The site would be on a city-owned parking lot across from the train station.