A towering art-deco office building at the heart of Freeport and steps from the village's train station has been an eyesore since it was abandoned in the 1980s, but now there are plans to overhaul the site and make it into something new.
On Monday, the village announced a $60 million plan to redevelop the six-story building—originally constructed in the 1930s—into a mixed residential and retail space.
The project will usher in 250 luxury rental apartments for senior citizens as well as new retail space, all part of a plan to create jobs and redevelop downtown Freeport, according to Freeport Mayor Robert Kennedy.
“It's a great thing for the village of Freeport. It's more economic development that you've seen occurring on Sunrise Highway,” Mayor Kennedy said.
The mayor said that the property had been entangled in legal battles for 15-18 years. But a deal to sell the land to a developer is in a contract. The sale of the building netted the village $6.4 million.
According to renderings provided by the village, the finished product will look nothing like the building that's there now.
It's unclear at this point if the developer will knock the building down and a groundbreaking date has not yet been set.