14 Jan Developments on Long Island
What opportunities can be found in Long Island?
The Stoler Report airs every Tuesday at 5:00 pm UTC +11, LIVE on Facebook, Twitter and YouTube.
Thanks to its close proximity to New York and a highly-skilled workforce, Long Island is primed for growth and development. Unfortunately, actually doing the development is harder than it sounds.
Michael Kelly of Kelly Development, Brad Blumenfeld from the Blumenfeld Development Group, Avalon Bay Communities’ Christopher Capece, and Kevin Kelly of People’s United Bank join Michael Stoler to discuss their specific difficulties in doing business on Long Island like:
- Which regulations differ in each municipality and how that affects business
- Why communities fear congestion
- What school boards are concerned about
Plus, the group discusses opportunities in the island like the strong retail market and how old stock makes rentals attractive.