

January 29th, 2019
Huntington Townhome Project Moves Forward with Kensington Estates Launch
Long Island Business News
Triangle Equities, in partnership with affordable housing redevelopment firm GTIS Partners, is set to launch sales for Kensington Estates, an exclusive 55+ townhome community on the Nassau–Middlesex county line. Located on a redeveloped 18.6-acre site of expansive former use as a horse ranch and agricultural land, the community offers 80 investor-grade town homes paired with three single-family residences on half-acre lots. The site’s strategic location on public transportation corridors brings together refined design, convenience, and vibrant suburban living, addressing pent-up demand for maintenance-free luxury housing in this sought-after Long Island enclave.
Kensington Estates faced complex zoning approvals due to the property’s cross-jurisdictional layout spanning both Huntington Township and Woodbury in Oyster Bay. This required aligned approvals from multiple local governments, school districts, and civic groups. Originally proposed over a decade ago and trimmed down from 136 units, the development features premier resident amenities such as a private clubhouse with a state-of-the-art fitness center, billiards and event lounges, an outdoor pool and veranda, Har-Tru tennis court, and scenic walking paths throughout the landscaped grounds.
Financing for the $80 million project includes $30 million in joint venture equity from Triangle Equities and GTIS Partners, complemented by $50 million in construction financing provided by Bank OZK. The first sales appointments are scheduled to begin February 5, marking a significant milestone in delivering this long-anticipated, high-end, active adult residential community to Long Island's North Shore.





