Southampton Town announced Tuesday, March 27 that it was awarded $1 million as part of Governor Andrew Cuomo’s Restore New York Communities Initiative to help revitalize Riverside.
The money will be used to help demolish and reconstruct two vacant buildings in the Riverside Hamlet Center overlay district. A former diner will be brought down at 20 Riverleigh Avenue to build a $3.5 million dollar mixed-use development. A former auto repair garage and gas station at 89 Peconic Avenue will also be demolished to build a $3.2 million dollar outdoor kayaking recreation facility and restaurant.
“This is exactly the kind of catalyst we’ve been looking for to spur economic development in the Riverside area,” said Southampton Town Supervisor Jay Schneiderman. “The Town of Southampton thanks Governor Cuomo for helping to encourage private sector investment into the underserved community.”
“Downtown communities are vital to keeping our economies thriving and to attracting businesses and families to put down their roots in New York,” said Governor Cuomo in Tuesday’s announcement. “The Restore New York Communities Initiative recognizes communities teeming with potential and invests in their transformation and their future, and turns them into neighborhoods New Yorkers are proud to call home.”
“These NY Restore grant funds will continue the revitalization of the Riverside Community which began with the adoption of the Riverside Revitalization Action Plan in 2015,” said Suffolk County Executive Steve Bellone. “Suffolk County has invested over $5 million to rebuild the Riverside traffic circle to serve as the heart of this new downtown and we look forward to working with New York State and the Town of Southampton to continue this important revitalization in Suffolk County’s most economically distressed community.”
“On behalf of the hundreds of my community association’s members, I thank Governor Cuomo for providing this much needed investment and strong vote of confidence in our Town, County and private sector effort to recreate what was once a thriving local economy,” said Vince Taldone of the Flanders, Riverside and Northampton Community Association (FRNCA).
The Restore New York Communities Initiative was enacted in the 2017 state budget. To date, nearly $81 million has been awarded to 71 projects statewide.