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Bay Shore Residential Development Signals Downtown Revitalization

Multifamily Development of the Year on Long Island
Eleven Maple in the Bay Shore neighborhood on Long Island reached 95% occupancy in six months. (CoStar)
Eleven Maple in the Bay Shore neighborhood on Long Island reached 95% occupancy in six months. (CoStar)
CoStar News
March 31, 2023 | 10:30 AM

Eleven Maple, a 90-unit, four-story luxury apartment building in downtown Bay Shore on Long Island, may have had its construction delayed for five months by the pandemic, but it quickly made up for lost time and was completed last year only two months behind schedule.

The property, located at 11 Maple Ave., occupies a former vacant lot where a hospital once stood. Substandard housing sat on the site for three decades before the property was bought and reentitled for a $30 million upscale rental and retail project. Construction on the development started in the fall of 2019, but hit a major snag with the arrival of the pandemic in early 2020.

Nevertheless, the developer, Long Island’s Greenview Properties, pushed through, and once open the property reached 95% occupancy in just six months. One of its selling points is its proximity to the Bay Shore train station of the Long Island Rail Road, which is about a 90-minute ride to midtown Manhattan.

The project won a 2023 CoStar Impact Award for best multifamily development of the year on Long Island as judged by real estate professionals familiar with the market.

About the project: Eleven Maple’s concept architecture was originally designed by LRK Architects before Sullivan Architects was named as project architect. The complex includes studios, one-, and two-bedroom apartments and features amenities such as 115 assigned parking stalls on the ground floor of the podium building, a club room, roof terrace and fitness center.

What the judges said: The development “truly supports the emergence of the downtown revitalization,” said Michael Murphy, president of Douglas Elliman’s commercial division, adding its 95% occupancy reached in six months “proves the demand was there.”

They made it happen: Larry Gargano of Greenview was key to the project.

Greenview Properties' Owner Larry Gargano, Owner Lisa M. Pace, Jennifer Buzzeo and CoStar's Phil Chiovitti. (CoStar)

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