Outdoor space was especially important to movers to the Midwest, while movers to the Northeast were particularly driven by the need for more square footage and a better work commute.
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
NAR continues to believe that offers of compensation are an important option to help make professional representation more accessible.
HAWTHORNE—The Mount Pleasant Industrial Development Agency has approved approximately $3.8 million in sales tax exemptions for the construction of a 153,062-square-foot e-commerce distribution center located at 211 Saw Mil River Road (Route 9A) in Hawthorne that will cost nearly $100 million to develop.
The project, which received approval at the IDA’s April 21 meeting, represents a total private investment of more than $99 million. According to the developer, USRE Hawthorne LLC, the project is expected to create 100 full-time and part-time jobs. The project will also generate additional tax revenue on a property that has been historically underutilized. The developer is not seeking a mortgage recording tax exemption or a PILOT for the project.
The one-story distribution center, which is located on 10.475 acres, will consist of 136,214 square feet of warehouse space, 16,848 square feet of office space, 181 passenger car parking spaces, 597 van parking spaces, 12 truck loading spaces and 62 van loading spaces at grade.
In addition to significant onsite improvements, the developer is in the permitting stages with the New York State Department of Transportation to construct a traffic signal on Route 9A at Belmont Road and a left turning lane from the south, which serves both the proposed project and the existing NYSCO Products building. The proposed roadway improvements will create needed traffic flow and traffic calming measures in the corridor for residents and businesses of the Town of Mount Pleasant.
“The IDA is pleased to provide incentives for this important project which represents a significant private investment in our town. In addition to creating much-needed new jobs, it will also generate tax revenue for the town and school district without adding any new students and will contribute toward road improvements to Route 9A. This is win-win for the town and school district,” said Town Supervisor Carl Fulgenzi who also serves as IDA Chairman.
Fulgenzi noted that the facility will be paying full property taxes estimated to be more than $1.5 million annually when completed.
Outdoor space was especially important to movers to the Midwest, while movers to the Northeast were particularly driven by the need for more square footage and a better work commute.
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
NAR continues to believe that offers of compensation are an important option to help make professional representation more accessible.
Starting out in her 20s, Rondon worked with real estate legend Faith Hope Consolo while at Garrick Aug Associates, where she spent 13 years.
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