Plans to build 240 rental units on the historic Knoll Farm in Brentwood are moving forward, and the developer intends to submit a new site plan to town and community leaders within the next week.
"We're meeting with local groups to make sure everyone is OK with the development that we're proposing," said Steven Krieger, a principal with the Engel Burman Group of Garden City, who described the firm's project as "transit-oriented development."
The 17-acre equestrian farm, established in 1891 on Suffolk Avenue, is one of the last of its kind in the area, and is conveniently positioned across the street from the Brentwood Long Island Rail Road station.
Owners Pete and Bonnie Mercier said last year that business at the stable never recovered from the recession. They approached Engel Burman about selling the property in 2011.
Officials have not disclosed the sale price, but records show the farm was assessed in 2010 at $245,000 and had a sale price of $1.5 million in 2001.