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Deals & Dealmakers

NY Based Eliviat Group Acquires Middletown Five-Acre Site To Build 224-Unit Residential Complex

The Long-Island based Eliviat Group  announced the acquisition of approximately five acres of land directly across from the Galleria Mall at Crystal Run in the Town of Wallkill, New York for $2.49 million. It will be the site of a new 224-unit market rate residential complex. 

The project is expected to cost $45 million and is scheduled to break ground in September, 2022.  Completion date is set for June, 2024. 

Eliviat, along with Pyramid Management Group has worked with the town, planning department, and county for roughly two years to get approvals to build “The Galleria Residences” at 79 Smith Road. Last month the town board of Wallkill, NY approved site plans for the construction of the 224 market rate, residential living units.  

The development will feature a direct walkway and connection to the Galleria Mall at Crystal Run, owned and operated by Pyramid Management Group, the seller on the transaction. It is a quick few minute walk to the Metro-North rail station and bus station. 

“The concept is to connect dining, play, work, and now living, in an environment with amenity rich access and walkability,” said Eliviat Group’s CEO Eli Attias. “We are very excited to bring this live-work-play project with beautiful rental apartments and fantastic amenities to this area.”

The project, named the Galleria Residences, is housed on the corner of Smith Road, and North Galleria Drive in Wallkill and is designed by CT Male and Associates. It will feature four stories and underground parking as well as one acre of recreational space with a patio and pool for barbecues, dog walking, relaxing and more.  

The amenity rich building features a rooftop lounge, dog park, work from home office style conference rooms and more spacious living units. Each unit will feature a washer and dryer as well as high end finishes. 

The approximately 230,000 sq. ft. structure will house 122 one bedrooms, 96 two bedroom units, and six three bedroom units with close to 400 parking spaces for tenant use only. 

Directly across the property, and only a two-minute walk from the street access of the Galleria Residences, is the Galleria Mall at Crystal Run that houses restaurants, recreational facilities, beauty salons, clothing stores, a movie theatre, a gym and more.  

“The Galleria at Crystal Run just celebrated their 30th anniversary this past month and management is excited about our future development by the Mall,” said Eliviat’s President David Friedman.” “Representatives across the state have expressed their support of the development and are pleased to see the project approved and moving forward.”

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