Heatherwood pushes back | Long Island Business News

For a developer with such a long history on Long Island, it’s no surprise that the name of the family builder’s newest community is a nod to the area’s past.

Commack-based Heatherwood Luxury Rentals recently opened the Heritage Spy Ring Golf Club in South Setauket, a 200-unit luxury apartment complex and nine-hole golf course named after the Culper Spy Ring, which was operating in the Setauket area, providing information to General George Washington. on enemy troop movements during the British occupation of New York in 1778.

And while its name may date back to the Revolutionary War 244 years ago, Heatherwood’s latest development is anything but an antique, offering a comfortable contemporary lifestyle to tenants aged 55 and over.

DOUGLAS PARTRICK and CHRISTOPHER CAPECE: Heatherwood’s brain trust is building new communities and reinventing its legacy properties. Photo by Judy Walker

Amenities at South Setauket’s new $70 million rental community include a 6,500 square foot clubhouse with a fully equipped fitness center, club room, conference room, event space and hall. games. There is also an outdoor pool and wading pool, fire pits, tennis and pickleball court, bocce court, playground, large 2-acre lawn, and walking trails.

As its name suggests, one of the main attractions at the 70-acre Heritage Spy Ring Golf Club is a new nine-hole layout designed by renowned golf course architect Tyler Rae. In fact, the entire development was built on the former 18-hole Heatherwood Golf Club, originally built in the early 1960s by Heatherwood founders Donald Partrick and Stanley Neisloss.

Founded in 1950 by Partrick and Neisloss, Heatherwood began by building several single-family home developments on Long Island before the company moved into multi-family rental developments. The company’s first-ever apartment community was the 272-unit Heatherwood House in Port Jefferson, which opened in 1962 and is still owned by the developer.

AT THE START: Company co-founder Donald Partrick (centre) with other local executives and officials at the original site of Heatherwood Golf Club. Courtesy of Heatherwood

Today, Heatherwood’s portfolio includes approximately 7,000 apartments in Queens, Brooklyn, and Nassau and Suffolk counties.

“Everything we own, we built,” says CEO Douglas Partrick, the son of Donald Partrick, who joined the company in 2002 shortly after Neisloss passed away. “To date, Heatherwood has not sold any of its developments.”

Over the past two years, Heatherwood has made key additions to its management team. Christopher Capece, formerly of AvalonBay Communities, became chairman in January 2020 and this spring Heatherwood added Sean Sallie, former deputy commissioner of planning for the Nassau County Department of Public Works, who is now director of planning and of business development. .

“Although we sometimes consider acquisitions, our growth has historically been through new developments. It’s part of Heatherwood’s DNA,” Capece said. “One of Heatherwood’s strategic advantages is that we are a fully integrated development company, including design, development, construction, operation and golf and leisure facilities.

This strategy has paid off, as the company can claim some recent major achievements. In 2018, Heatherwood opened Tower 28, a 450 apartment building in Long Island City. The 58-story complex, which cost more than $200 million, was at the time the tallest residential building in New York City outside of Manhattan.

Another project underway in Heatherwood will bring 125 apartments and 14 ranch-style townhouses to a 26.9-acre site just south of the company-owned and operated Pine Hills Golf Club in Manorville. Dubbed Sun River Town Homes, the $31.16 million project will complement the company’s existing Villas at Pine Hills community, where residents will share amenities including a clubhouse, fitness center and swimming pool.

Heatherwood also plans to redevelop the 9-acre site in West Hempstead, formerly occupied by National Wholesale Liquidators. This project will transform the property, located across from the West Hempstead Long Island Rail Road station, into a 428-unit transit-focused rental complex. Currently in the permitting process, the company hopes to begin construction before the end of next year.

And while Heatherwood is always looking for opportunities to expand her portfolio, she hasn’t forgotten about her existing communities. The company recently embarked on a multi-million dollar program to renovate and refresh its older rental complexes, adding amenities such as grass football pitches, new playground equipment, basketball courts -ball and pickleball, even beach volleyball facilities.

“We have done a comprehensive market assessment of our entire portfolio, taking into account demographics and competition, and have identified our communities where we want to begin our reinvestment in properties,” Capece said.

Renovation work is nearing completion at the 348 Norwich Gate apartments in Oyster Bay, where the company has built a brand new pavilion, courtyard and additional amenities. Then there are extensive renovations at Heatherwood House in Port Jefferson, the company’s first-ever rental development. The project also includes the redevelopment of the community pavilion and the addition of new amenities.

“While we’re constantly investing in all of our communities, we’ve just taken a sharper approach to giving them an improved lifestyle,” Partrick said. “It’s not just about reinvestment. It is a reinvention and the creation of a lifestyle.

The conference and meeting room inside the new community pavilion. Photo by Judy Walker

Heatherwood offers a wide range of monthly rents in its rental properties, ranging from approximately $1,500 in some of its Long Island communities to over $10,000 in some of its New York buildings.

Monthly rents at Heritage Spy Ring Golf Club range from around $3,600 for a one-bedroom, one-bathroom apartment to over $6,600 for a three-bedroom, two-bathroom residence. Thirty of the new apartments are designated as workforce housing and at reduced prices, with half of them reserved for people earning up to 80% of the region’s median income and the other half for people earning up to 120% of the AMI. The South Setauket development is approximately 20% leased and move-ins began a few months ago.

Mitch Pally, CEO of the Long Island Builders Institute, said Heatherwood is a major player in the development of much-needed rental housing on Long Island.

“There is no doubt that Heatherwood has been invigorated over the past couple of years as you can see with new projects like in South Setauket and hopefully soon in West Hempstead, and the revamping of their product range across the island,” Pally said. “They’re very community-focused. They’ve done a lot through our charitable arm and with LIBI itself over the years. Doug is a past president of LIBI and Chris have been involved with our executive committee for many years, so they play a big role in the need and importance of rental housing on Long Island of all types to help meet the great demands there are for the rental accommodation.

The 6,500 square foot clubhouse at Heritage Spy Ring features a fully equipped fitness center, game room, and other amenities. Photo by Judy Walker

Lawyer Howard Stein, who leads the East Meadow-based Certilman Balin Adler & Hyman real estate practice group and has worked on numerous Heatherwood projects, echoed that sentiment.

“Representing Heatherwood as a client has been and continues to be a rewarding opportunity,” said Stein. “Their projects are innovative and meet the needs of an evolving market. Their team is extremely professional and talented, and their reputation is impeccable as they always deliver on their promises.

Meanwhile, as the business continues to grow on Long Island, the difficult development environment here poses a challenge and Heatherwood may eventually seek to expand into other regions.

“Our preference is to invest in our home market,” Partrick said. “We strive to continue to keep our investment dollars on Long Island, even in the face of often difficult eligibility hurdles, but we are also aware that there is a flight of capital out of the region for a raison.”

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