Developers: Mill Creek Residential Trust, LLC
Project Cost: $40,500,000
"With assistance from the Hempstead IDA, we were able to jointly work with the Town and community to permanently close the former Courtesy Hotel site, which had been a blighting influence on the local community for years. The IDA's economic benefits program enabled us to transform a blighted parcel into an exciting, transit-oriented high-quality apartment community."
Managing Director, MCRT
West 130 is a new transit-oriented apartment community, currently under construction on a 3-acre infill site located in the Town of Hempstead, adjacent to the West Hempstead Long Island Rail Road (LIRR) Station. The community will consist of 150 apartment homes in one 4-story podium-style building; approximately 5,000 square feet of leasing and amenity space; and garage parking. The community amenities include an inviting resident lounge with fireplace, game/theatre room with multiple flat screen televisions, coffee bar, conference room, i-lounge, beautifully landscaped courtyards, outdoor fireplace, and an outdoor swimming pool with sundeck. The apartment homes will feature modern floor plans, 9-foot high ceilings, gourmet kitchens with islands, 42-inch cabinets, granite countertops and stainless steel appliances, full-size washer and dryers, and large walk-in closets.
The West 130 apartment homes will provide much needed modern and high-quality rental apartments for Long Island's young working professionals and empty-nesters. West 130's convenient location is just minutes away from central Nassau County's thriving employment, shopping and entertainment centers.
PILOT Agreement, Sales Tax Exemption for the construction period, Mortgage Recording Tax Exemption