Residential propety

Riverhead’s first luxury residential building opens

The Shipyard, a new four-story residential building in downtown Riverhead, began accepting tenants earlier this summer. The contemporary building at 331 Main Street East holds 36 luxury units, ranging and offering modern amenities. Located at the end of the River Walk, the apartments even include private balconies with views of the the Peconic River.

There are studios, one bedroom and two bedrooms available. Prices range from $2,500 to $5,800 depending on the size of the apartment and whether it is furnished or unfurnished. Furnished apartments even come with kitchen cabinets stocked with plates and utensils.

The first project in Riverhead developed by the Huntington-based G2D group, known for luxury apartments in West Suffolk and Nassau counties, high end finishes can be found in this new building.

Courtesy of G2D Group

Stone slab backsplashes, quartz countertops, professional-grade stainless steel appliances, wine refrigerators, dishwashers, and built-in washers and dryers are found in every unit. The master bedrooms can easily accommodate king-size beds, there are high ceilings throughout the building and the walk-in closets offer plenty of storage. There’s also LED lighting, modern bathrooms with showers and tubs, and high ceilings.

In a furnished studio which Behind the hedges visited a half wall that separates the bed from the main living room also hid a TV that pops up when desired. Large bay windows let in the light.

The Dockyard, Riverhead
Courtesy of G2D Group

A 24-hour video surveillance system ensures the safety of residents. Latch, a “smart” key entry system, controls each door and allows residents to access them from their mobile phones. The building also offers concierge services, such as a handyman and dog walking services.

A spacious and stylish rooftop lounge also provides all residents with outdoor space to relax or eat – depending on the direction of the wind, on some days you may even hear seals from the nearby Long Island Aquarium. Renters receive an aquarium membership and have access to amenities, such as the restaurant, bar, and events.

Additional facilities include a private gym and a business centre.

There is a private lot for residents with no additional charge for parking.

The Dockyard, Riverhead
The rooftop loungeCourtesy of G2D Group

It took about a year and a half of planning to ensure the building matched what the city wanted to integrate with the surrounding community, says Justin Fallon of G2G. “We only develop in municipalities where we are needed, and the town of Riverhead (town council and planning board) couldn’t have been more helpful,” he says.

The G2G group officially acquired the property on October 15, 2020 and construction took approximately 16 months.

A view from a private balconyCourtesy of G2D Group

Gregory DeRosa, Founder and CEO of G2D Group, has been developing and managing real estate in the Tri-State area since the early 2000s. His portfolio includes mixed-use, medical, commercial and residential properties in New York City. MThe multi-family residences are located in transit-oriented communities in Huntington, Garden City, Hicksville and Riverhead.

G2G is busy working on another project in Riverhead – a mixed-use building at 205 Osborn Avenue in Riverhead with 39 residential units.

A view of the Peconic RiverCourtesy of G2D Group