Steel and wood beams outline the first five floors of the Promenade apartments on North Central Avenue. The sixth floor is currently being completed, according to Bill Kefalas, the developer.
“We plan to complete construction by the end of the year,” he said in an interview with the Herald.
To complete the construction, Kefalas, the principal developer for Manhattan-based Kay Development, said he would still need to have the fire department verify that the building is in compliance, remove the support and then enclose the building with concrete. “Directing construction is the most difficult part,” Kefalas said. “It takes time.”
The Promenade apartments will have 31 two-bedroom and 13 one-bedroom apartments. They will feature an enclosed garage, 24-hour concierge service, a recreational terrace, a tenant lounge, a fully outfitted gym and a laundry facility. Mayor Ed Fare told the Herald last year that the early construction on the project made other developers interested in the area.
In December 2015, the Village of Valley Stream Board of Trustees authorized an appraisal for Parking Fields 8 and 8A, which border the Village Green at Hicks Street, after developers expressed interest in purchasing and developing the land. Mineola-based Michael Haberman Associates is doing the appraisal. Fare declined to describe proposals or name prospective buyers.
“Developers are interested, and before we even talk to developers, we want to know what it’s worth,” Fare said of the parking lot at the time.
Cedarhurst-based Paramount Construction also amended its plans to develop an apartment complex on Wallace Court in January. Under the new proposal, there would be 12 townhouses rather than 28 apartments. They would have direct access to an internal street and each building would have its own garage and driveway.
The two projects are the latest in a series of undertakings that have included the Hawthorne Apartments on Cottage Street, and the Brooke Pointe Apartments on Gibson Street. While construction has provided the Village of Valley Stream with much-needed tax revenue, the projects have not been without detractors.
Construction at Wallace Court has been particularly contentious. Residents objected to the original design, which called for a 24-unit apartment complex in a neighborhood that consists primarily of single-family dwellings. As a result, the project’s contractors modified the design, which now calls for a smaller number of town houses.
A public hearing on the Wallace Court project is expected to take place on May 21 at 7 p.m.
***Updated on May 4 for clarification***