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Developer requests reozoning change.


Gyrodyne Company of America Gyrodyne is also the name of a class of compound helicopter/autogyro.

The Gyrodyne Company of America was founded in 1946 by Peter J. Papadakos (26 July 1914 –26 May 1992), using the assets he bought from the bankrupt Bendix Helicopter Company that was
, Inc. announced that it has petitioned the Town of Smithtown in Suffolk County Suffolk County may refer to:
  • One of the following counties in the United States:
  • Suffolk County, New York - central and eastern Long Island - the largest Suffolk County by population and geographic size
, NY for a change in zoning classification so that the company can pursue development of an age-restricted luxury residential community at a 67-acre prime location it owns.

Gyrodyne plans to develop a community that would feature 39 single-family homes, 60 townhouses and 210 condominiums. Living space would range from 1,600 s/f for the smallest condominiums to 2,800 s/f for detached single-family homes.

Amenities would include a clubhouse with recreation facilities, pedestrian and bicycle paths bicycle path ncamino para ciclistas

bicycle path n, bicycle track
npiste f cyclable

bicycle path n
, and extensive landscaping. Prices are currently expected to range from $850,000 to $1.45 million per home.

The company has engaged the firm of Platt Byard Dovell White Architects for design work. The firm enjoys an outstanding reputation for designing attractive residential and commercial properties. Leading the project will be Sam White, FAIA FAIA Florida Association of Insurance Agents
FAIA Food Additives and Ingredients Association (Kent, UK)
FAIA Fellow, American Institute of Architects (honorary position) 
, a partner at the firm who is known specifically for his proven ability to blend historic context into new architecture.

The petition asks for the zoning of approximately 62.4 acres to be changed from "light industrial" (approx. 55.5 acres) and "residential (approx. 6.9 acres) to "planned residential."

Another 4.3 acres of the property owned by the Company, while already zoned as "residential," would remain undeveloped. Total amount of open space remaining after development is expected to exceed 40 acres.

As indicated in the petition, Gyrodyne plans to remove the industrial buildings currently in use at the appropriate time.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 an analysis obtained by the company, the local road traffic caused by the residential development would be lower than the levels attributed to the current industrial operations.

The development also would have a positive impact on the municipal tax base, while the age-restricted nature of the community would not affect the local school population.

The company estimates that 100 construction jobs and 15 permanent jobs would be created by the project.

Gyrodyne's proposal replaces its previous plan, developed with substantial public input, to develop what had been a much larger property as a luxury golf course community. In 2005, the State of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 on behalf of Stony Brook University The State University of New York at Stony Brook (SUNYSB), also known as Stony Brook University (SBU) is a public research university located in Stony Brook, New York (on the north side of Long Island, about 55 miles east of Manhattan, New York).  seized 245 acres through eminent domain eminent domain, the right of a government to force the owner of private property sell it if it is needed for a public use. The right is based on the doctrine that a sovereign state has dominion over all lands and buildings within its borders, which has its origins in .
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Publication:Real Estate Weekly
Date:Jan 24, 2007
Words:369
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