Archive for the 'Riverhead' Category

TASTE NORTH FORK – VETERANS DAY WEEKEND

Sunday, November 3rd, 2013

This coming Weekend – Veterans Day Weekend – November 8 and 9- the North Fork is the place to be for anyone who loves local farm's produce, food and wine!

All local businesses, vineyards, restaurants and fisheries are putting their best foot forward in a first regional Harvest Festival, TASTE NORTH FORK!

We all know as locals that the East End and the North Fork are the pearl in the oyster of New York Tourism  and that fall is among the best times here: so this regional harvest festival is a wonderful time to come out.

Visit www.tastenorthfork.org for details on this wonderful weekend – and hop on the busses which are looping around the North Fork between Riverhead to Orient with activities at lots of vineyard stops and at the two major hubs on Love Lane in Mattituck and in Greenport with – among other fun – a chance to meet the local farmers and sample their best produce.

Or click here for a program of what's going on.

Don't forget to thank the volunteers of the NFPC, the Greenport BID, the North Fork & Mattituck Chambers of Commerce  and the Town of Southold's EDC for making this terrific festival possible! (And of course EETA, LIWC and Empire State Development Corp).

For more information email gene.gluck@northfork.org

Joan Bischoff van Heemskerck, NFPC President

Great news: The Suffolk theater reopening in Riverhead – March 1st 2013!

Thursday, February 28th, 2013

Suffolk Theater

What better sign of a revival of a down town business district than the reopening of the beautiful Suffolk Theater on Main Street in Riverhead! If you have not seen Main Street lately – you will be surprised and you should re-visit the East Main Street area and Riverfront! The new Hyatt and Atlantis Aquarium complex, a series of new and renovated restaurants including but not limited to the Athens Grill, the little gem of the Turkuaz Grill and the always popular Riverhead Project should have given an indication of the exciting news from our Western neighbor Riverhead!

After many years of decay in the Down Town Area – the Suffolk theater will again be the crown jewel of the down town area! On march first, the Main Street area will be closed down for a festive ribbon cutting ceremony. A grand opening Gala follows-you can join for $125.00 – and a series of golden oldies opening in the subsequent days. For more information: visit their website: The Suffolk Theater and be as impressed as I am! Go Riverhead!

ANNUAL RIVERHEAD COMMUNITY MOSAIC STREET PAINTING FESTIVAL

Wednesday, May 16th, 2012

The 16th Annual Riverhead Community Mosaic Street Painting Festival will take place this year on Memorial Day weekend-Sunday May 27th only, from 12 noon to 5 pm! (rain date Monday May 28th).

Presented by the East End Arts Council, street painters 14 years of age and up commence upon East Main Street to create works of art on the sidewalks with colored chalks.  Street painting is a form of art that may date back to Italy in the 16th century.  Sizes of the artwork showcased will vary in mural size from 4×6' to 8×8', and are each sponsored by a local business.  Funds will benefit the East End Art School scholarships.

As this is a "Festival", the sidewalks will also be a buzz with artisan and craftsman booths, offering for sale fine art, crafts and woodwork, and homemade food items, all at reasonable prices.  An inspiring and fun event for all to kick off the traditional beginning of the summer season!

LAND PRESERVATION SAVED, BUT THE RATE OF LAND PURCHASED IS SLOW

Wednesday, May 2nd, 2012

Open space and farmland preservation on Long Island increased in the past two years, but not fast enough to meet conservationists goal set years ago from development before the Island is built out. Local governments protected more than 1,700 acres last year and 967 acres in 2010. The growth comes after preservation declines in 2008 and 2009 related to the recession and a lack of large tracts of available land, according to a report issued, last week by the Long Island Pine Barrens Society.

"The period of decline has stopped and changed direction, but the rate of land purchased is not sufficient to get us to the goal, by a long shot." society executive director Richard Amper said last week.

The Nature Conservancy of Long Island and 100 environmental, civic and business groups in 2006 set a goal to protect 25,000 acres of open space and 10,000 acres of farmland by 2020, the year they estimated every acre of Long Island would be designated for either development or preservation. With development slowed by the recession, the Pine Barrens Society estimates build out to occur in 2025.  Even with the delay, it's estimated local towns and counties will preserve a total of about 17,000 acres by 2025, Amper said.

Last year, Suffolk County and the towns of Brookhaven, Riverhead, Southampton, Southold, East Hampton and Shelter Island bought a total of 1,703 acres, up from 1,134 the year before.

Amper worries the number of acres preserved will not be sustained. "They are not expected to do that well in the next two years," he said.

North Fork 4th Quarter 2011 Home Sales Report

Tuesday, January 17th, 2012

 

TOWN & COUNTRY’S  4th Quarter Homes Sales Report for the North Fork demonstrates a strengthening in 3 of the 4 markets we monitor.

Southold (which includes New Suffolk and Peconic) was clearly the star performer, with black clear across the board.  In Southold (which includes New Suffolk and Peconic), the Total Sales Volume nearly doubled from $9.8M in 4th Quarter 2010 to $19.5M in 4th Quarter 2011.  Furthermore, the Number of Home Sales rose over 30% from 23 to 30 and the Median Home Sales Price up 33% from $365,000 to $485,800.  A further look at the six price categories monitored by Town & Country tells the tale with 5 sales over $1M during 4th Quarter 2011 and zero in the same quarter the year prior.

The Eastern tip of the North Fork or Orient Market (which includes East Marion and Greenport) had a strong 4th Quarter in 2011 with a 23.5% increase in the Number of Home Sales, from 17 in 2010 to 21 in 2011 and a 35% increase in Total Home Sales Volume from $8.3M to $11.2M year to year.  There was a slight decrease in the Median Home Sales Price though from $495 to $415, 4th Quarter 2010 and 4th Quarter 2011.  

The Western End of the North Fork did not perform as well as the East – Mattituck (which includes Laurel and Cutchogue) saw decreases in all three criteria monitored by Town & Country, but not by much.

Looking at all North Fork Markets Combined and you see what the late fall, early winter home sales activity was.  The Number of Homes Sales grew 8.54% and the Total Homes Sales Volume increased 23.8%.  The Median Home Sales Price was flat with a slight 4.6% drop from $440 to $420.

The one eye opener is the price category of $1-1.99M which shot up 350% from 2 sales in 2010 to 9 in 2011 4th Quarter.  The North Fork high end is picking up momentum.

 

To view more specifics on your particular locations visit www.1TownandCountry.com/reports.

 

Judi A. Desiderio, CEO

jd@1TownandCountry.com •  631-324-8080

*Source: The Long Island Real Estate Report

**All information is deemed reliable and correct.  Information is subject to errors, omissions and  withdrawal without prior notice.

County Has Taken Title to Riverhead’s 300-acre North Fork Preserve

Tuesday, December 13th, 2011

Suffolk County Executive Steve Levy announced last week that the county has taken title to Riverhead's 300-acre North Fork Preserve, which it purchased for $17.8 million.

"This is a crown jewel in the county holdings," Levy said in a brief ceremony Thursday in front of the entryway's stone pillars. "This is a parcel that generations in the future will look back fondly on."

Park officials have preliminary plans for the southern 180 acres that include trailer and tent camping sites, cabins, ballfields and paddle boating. Tennis courts and a clubhouse already exist on the property. There is no timetable for the park's full development. The northern 126 acres will be limited to passive park uses such as hiking.

Legis. Edward Romaine (R-Center Moriches), who sponsored the acquisition, said the county would begin negotiating to acquire 50 adjoining acres for an equestrian center.

The price for that parcel is expected to be far lower than market value because Suffolk already owns development rights under the county farmland program.

Riverhead – Legislature Approves Planning Steps Resolution for 50 Acres

Thursday, December 8th, 2011

Suffolk lawmakers yesterday took the first step toward adding 50 acres to the county's $17 million purchase of the 300 acre North Fork Preserve in Riverhead to create an equestrian center.

The legislature approved a planning-steps resolution that will lead to appraisal and a purchase offer for the added parcel, to which Suffolk already has acquired development rights under the county farmland program. Backers say the private hunting group, which owned the preserve as well as the 50 acres, is looking to sell all its holdings.

The county plans to put out a request for proposals from private investors willing to build stables, an indoor arena and corrals under a long-term lease.

Backers say the equestrian center will only add to the appeal of the North Fork preserve, dubbed Suffolk's last great park, which is scheduled to have nature trails, camping, cabins, ballfields, paddleboats and fishing.

Legis. Edward Romaine hopes negotiations with Riverhead Town can be completed within three to six months.

US Home Prices & New Home Sales BOTH rise!

Thursday, October 27th, 2011

WASHINGTON: The Standard & Poor's/Case-Shiller index showed home sale prices rose in August from July in 10 of the 20 cities tracked. This is an indication of stabilization in some of the hard hit portions of the country. July was the 5th straight monthly gains in half the cities monitored.

Additionally, the US Commerce Department released the New Home Sales Report for September which showed a strong increase of 5.7% to a seasonally adjusted annual rate of 313,000 homes.

The National Association of Home Builders reports that for each new home built, 3 jobs are created for a year and generates $90,000 in taxes….All good news for the National Home Markets and our financial recovery!

Now if the banks would get on board we'd see the recovery speed up.

IT’S TIME TO BUY THAT HOME

Tuesday, October 18th, 2011

Wall Street Journal's Jack Hough, titled his article on Saturday just that… "It's Time to Buy That House".
 

He discusses the National Association of Realtors, Housing Affordability Index, which Town and Country has written about several times this year, which was 183.7 in August. According to NAR a reading of 100 would indicate that the median income family with a 20% down payment can afford a mortgage on a median priced home.
 

Jack gives an example of a median priced home in greater Phoenix, purchasing it with 20%, at todays 4.12% interest rate, results in monthly payments less than half what the rental for the same home would be.

Of course, as we discussed many times in prior blogs, the banks are being piggy and not lending the money they should, even to qualified buyers. This must be rectified first, in order to move forward!
 

Personally, my sentiment has always been the same. I'd rather keep my money in "East End dirt", as I call it, rather than anywhere else on the planet!
 

As Kramer would say, "Buy, Buy, Buy".

Hyatt, Indigo Hotels coming to the East End

Thursday, May 14th, 2009

Newsflash: even a last remaining hurdle for the economy on the East End to thrive -not enough places to stay-  seems to lessen as the summer heat is about to arrive; a few great hospitality companies are now discovering the East End and North Fork Wine Country:

Bryan de Luca of the Atlantis Aquarium -co-founder of the new East End Tourism Alliance, bridging the North and South Forks, and its  East End Getaways website   told me that HYATT (appearing before the Riverhead planning board today for final approvals for parking requirements) is opening up next door to Atlantis Aquarium, giving the Riverhead Down Town a needed shot in the arm! Another part of this needed Down-Town development is a hall for expositions similar to South Street Seaport, certain to reinvigorate Down Town Riverhead, and to attract people to the East End alongside a fabulous plan to allow better access to the beautiful Riverhead river-water-frontage behind Main Street. Almost the only thing left would be the re-opening of the Riverhead theater!

The Atlanta based luxury hotel chain INDIGO is also planning a new Riverhead property coming soon. This all is added to the recent Best Western, Hilton Gardens (opening soon) and Holiday Inn Hotels in Riverhead. (see Long Island Business News)

The hotels that are coming will help enormously as part of the needed improvements in tourism infrastructure, necessary for an economy that can sustain our North Fork Wine Country, while maintaining the nature and character of our hamlets, and protecting a fragile environment of our waterfront communities. It is also important for everyone to know how much the families who brought these hotels to Riverhead have become a beneficial part of our communities, they have proven to be great corporate citizens for our towns and hamlets, contributing generously to our communities.

The implications for Real Estate on the North Fork are obvious: development is going to be carefully managed, increasing desirability of existing housing. The more people come to visit, te more people will experience that sad Sunday-night feeling of "gotta go". Renting for the summer, or a purchase of a second home are the solution to preventing that feeling -that’s how I ended up here myself- and : we can help you find a rental or home ideally suited for your needs and budgets: call Town and Country in Mattituck at 631 298 0600 or in Southold 631 765 0500, or email joan@1townandcountry.com