In an effort to provide more transparency, NYCEDC is making detailed information available for NYCIDA projects. Information for projects that will be covered at the June 7, 2018, NYCIDA Public Hearing, to be held at 110 William Street, New York, NY, 10038, at 10 am, will be listed below:
Western Beef Retail, Inc.
|Company Names: Western Beef Retail, Inc. (the “Applicant”), Delaware corporation engaged in the supermarket retail business, and a to-be-formed affiliated real estate holding company (the “Company”).|
|Project Description: The Applicant seeks financial assistance in connection with the furnishing and equipping of a newly renovated 15,708 square foot retail condominium unit on the first floor of an approximately 53,360 square foot mixed-use housing development on an approximately 19,906.92 square foot parcel of land.|
|Address: 3629 White Plains Road, Bronx, New York 10467|
|Type of Benefits: Exemption from mortgage recording taxes and exemption from City and State sales and use taxes.|
|Cost of Benefits to City: $262,150|
|Projected City Tax Revenues: $6,289,360|
|Total Project Cost: $10,985,000|
|Projected Jobs: 94 full time equivalent jobs projected.|
Hourly Wage Average and Range: $17.32/hour, estimated range of $15.00/hour to $26.00/hour.