Friday, October 28, 2011

MAJOR MODULAR HOME PROJECT SLATED FOR LONG ISLAND

A newly formed Long Island real estate development and property management group is acquiring 80 undeveloped acres of land in Smithtown to build its first-ever residential community for U.S. military veterans and their families.

Veritas Villages of America said in a statement that it has an option to purchase 37 acres at Old Northport Road and Lawrence Avenue in Smithtown for the first phase of a plan to build 560 affordable condominiums, apartments and townhouses made from modular homes.  

Simplex, a large modular home factory located in PA will be the supplier for the project.

Example of Simplex Townhouses
Prices for the housing units range from $148,500 for a 600-square-foot studio to $343,500 for a 1,750-square-foot townhouse, according to the company’s website.

Key to the profitability of Veritas Village communities, according to the statement, will be the company’s ability to win federal grants for providing veteran housing and to qualify for the HUD-VASH housing voucher program.

Amenities will include a clubhouse modeled after the officers’ clubs on military bases. The clubhouse will feature several restaurants, a game room, convenience store, a health club with swimming pool, meeting rooms and banquet facilities.

The company said it will mandate the hiring of veterans for all on-premise jobs, from shuttle bus drivers, security personnel and maintenance workers to restaurant and health club staffs.

Brian Mahon, a disabled former Marine and founder of Veritas Villages, said the development will give veterans the resources to access whatever assistance is available, and welcome them to an environment that they will feel comfortable navigating.

1 comment:

Anonymous said...

Coach, living and building on long island how is $248 per square foot afforable. NYC is $500 a foot and up.