The development will bring 238 rental apartments in a 10-story building, 200 condominium residences in two nine-story buildings and about 6,500 square feet of retail space to the long-vacant property.
The North Babylon Aldi is the Germany-based chain’s eighth on Long Island, following others in Lake Grove, Patchogue, Selden, Bay Shore, Lindenhurst, Riverhead and Valley Stream.
The loan goes towards refinancing Grace Park, a 128-unit apartment complex on about 30 acres in Morrisville, N.C.
Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%.
The 2,901-square-foot building is on 1.64 acres.
The 60,896-square-foot building is on 4.48 acres.
The 13,500-square-foot building is on 1.64 acres.
Nassau Live, an affiliate of US Immigration Fund, which financed the existing Coliseum leaseholder Onexim Sports & Entertainment’s arena renovations, has agreed to pay $2.2 million in past due rent.
Seritage is pitching to remake the 26.4-acre site into a mixed-use community with 425 rental apartments, retail and office space, restaurants, a grocery store, cinema, fitness center and food-service kiosks.
The three highest-priced home sales in South Setauket last month ranged from $467,000 to $575,000.