search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLenders look to sell Savanna’s distressed 360 LexingtonLenders look to sell Savanna’s distressed 360 LexingtonMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoffGVA sells Georgetown apartments for $25M in “forced sale” GVA sells Georgetown apartments for $25M in “forced sale” 
New York

Rechler Equity project gets Suffolk County tax break

Sign Up for the undefined Newsletter

Suffolk officials issued a preliminary approval of tax breaks for the Rechler Equity Partners’ expansion of the Hampton Business District in Westhampton Beach. The breaks, which came from the Suffolk County Industrial Development Agency, will go towards a $10.8 million, 64,360-square-foot building, which is the third of nine planned for the 50-acre business district. Offering spaces ranging from 2,000 square feet to more than 30,000 square feet in size, the new building is expected to create at least 42 new jobs when it’s complete. Two of the buildings there that’re already up and running offer 120,000 square feet of warehouse, distribution, manufacturing and office space to clients, which include Tate’s Bake Shop, Carrier Enterprises and Westhampton Beach Brewing Company. [LIBN]

Tags
Hamptons