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Tag: Westchester County Industrial Development Agency
The developer says it is targeting small life science companies that cannot afford the costs of outfitting expensive labs.
The decision to sell, developer Martin Berger said, is “bittersweet any time you spend five years or more on a project.”
The Westchester IDA has approved a tax break totaling $1.75 million for the proposal, which will turn a vacant Harrison office building to an ambulatory care facility.
AvalonBay plans to build 143 rental units, along with 27,000 square feet of ground-floor retail space on grounds currently used for Metro-North parking.
“We’re growing so fast," Atlas Vice President Scott Roper said, "that we are bursting at the seams.”
A half-dozen union officials were at the IDA meeting, and two spoke out about the need for an agreement with the developer and for good local jobs.
Bruce Feldman, a real estate broker, is essentially suing his neighbors for $1.5 million for his work in challenging a mortgage and a tax agreement that he says were illegal.
A $25 million hotel project in Tuckahoe was one of three commercial projects approved for tax breaks by the Westchester County Industrial Development Agency.