Rechler Equity project gets Suffolk County tax break

TRD New York /
Jul.July 10, 2018 02:46 PM

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]


Related Articles

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash
Rihanna has joined in the mayhem that is the Hamptons rental market. She’s reportedly looking to buy, but first wants to rent. (Getty, iStock)

Rihanna is on the hunt for a Hamptons getaway. And she “doesn’t have a budget”

Rihanna is on the hunt for a Hamptons getaway. And she “doesn’t have a budget”
Marriott CEO Arne Sorenson (center) with StayMarquis co-founders Alex Goldstein and Bryan Fedner (Credit: StayMarquis)

Marriott jumps into Hamptons rental market

Marriott jumps into Hamptons rental market
317 Murray Place (Credit: Bespoke Real Estate)

Southampton compound trades for $58M

Southampton compound trades for $58M
Hamptons market so tight, even landlords seek rentals

Hamptons market so tight, even landlords seek rentals

Hamptons market so tight, even landlords seek rentals
Tonight on TRD Talks Live: Heavyweight brokers on the Hamptons frenzy

Tonight on TRD Talks Live: Heavyweight brokers on the Hamptons frenzy

Tonight on TRD Talks Live: Heavyweight brokers on the Hamptons frenzy
Barry Rosenstein and his Hamptons home (Credit: Aurora Rose/Patrick McMullan via Getty Images, Bespoke Real Estate) 

Hedge funder sells Hamptons home for $37M

Hedge funder sells Hamptons home for $37M
26 Windmill Lane (Credit: Douglas Elliman)

Hamptons compound sells for $45M in area’s biggest sale of the year

Hamptons compound sells for $45M in area’s biggest sale of the year
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...