News

Beechwood gets IDA assist for new $110M rental complex

Beechwood Organization is planning to build a $110 million rental development on a former retail site in Westbury. The Jericho-based developer is in contract to purchase the 5.87-acre property once occupied by a Syms clothing store at 695 Merrick Ave. The company...

Pair of Garden City office buildings selling for $91M

A Brooklyn-based real estate investment firm is buying two Garden City office buildings for $91 million. JFR Global Investments, headed by Joe Friedland, is paying $50 million for the 252,730-square-foot building at 900 Stewart Ave. and $41 million for the...

Letter to the Editor

Please follow the link above to see the IDA response to Newsday regarding their incorrect information in a recent article involving PILOTs. Letter to the...

Green Acres Mall – Camoin Report

The report on the Green Acres Mall projects by Camoin Associates will be available on this site by following this link. Economic and Fiscal Impact...

Hempstead Defies Recession With $400 Million In New Business

Despite the economic recession which gripped the United States in 2011, Town of Hempstead agencies spurred the development of nearly $400,000,000 in new business projects. Town Supervisor Kate Murray cited the efforts of the town's Industrial Development...

IDA Assists Endo Building Ownership Change

The architecturally striking Endo Building in Garden City has undergone a change in ownership with the support of the Town of Hempstead Industrial Development Agency.  In one of the largest recent real estate transactions, the firm of Garden City 505 LLC...

IDA Rescinds Garden City Hotel Resolution

A resolution designed to facilitate the sale and rehabilitation of the historic Garden City Hotel has been rescinded by the Town of Hempstead Industrial Development Agency. Fred Parola, the agency's Chief Executive Officer, said the action was taken...

IDA Helps Fence Firm Expand in Freeport

One of Long Island's leading firms in the manufacture, sale and installation of fencing will expand its operations in Freeport under an agreement with the Town of Hempstead Industrial Development Agency. Without a package of incentives from the Hempstead...

Hempstead IDA Scores Big with Business Professionals

In the shadow of baseballs Hall of Fame, the Town of Hempstead Industrial Development Agency hit a home run at the annual meeting of the state's premiere economic development organization. Competing against other organizations at the meeting of...

Restaurant Depot Opens in Garden City with Boost from IDA

A massive warehouse bursting with fresh meats and fish, quality produce and a huge array of groceries has been established in Garden City for the exclusive purpose of supplying hundreds of Long Island restaurants. Hempstead Town Supervisor Kate...

Zomick’s to Remain and Expand in the Town of Hempstead

"Aficionados of fine kosher baked goods will rejoice in the knowledge that Zomicks Bakery will continue to produce its mouth-watering wares locally - with an assist from the Town of Hempstead", according to Town Supervisor Kate Murray....

WORC to Relocate Headquarters to the Town of Hempstead

One of the region's most respected organizations providing services for disabled children and adults is relocated its headquarters to Garden City with the help of the Town of Hempstead Industrial Development Agency (IDA). Town Supervisor Kate...

Supervisor Reports Hempstead IDA Sets a $289 Million Record

With more than $289,000,000 in development projects to its credit, the Town of Hempstead Industrial Development Agency recorded the most successful year in its history in 2005, it was announced by Town Supervisor Kate Murray. "I can think of no better demonstration of...