New York’s Riverhead considering P3s for town square concept
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.
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.