Upcoming Project Information

In an effort to provide more transparency, NYCEDC is making detailed information available for upcoming NYCIDA projects. Detailed information for projects that will be covered in the next NYCIDA Public Hearing on November 2, 2017, can be found below.

130-02 South Conduit Avenue Triangle LLC

Company Names: 

130-02 South Conduit Avenue Triangle LLC, and its affiliate and member Triangle Equities Development Company LLC

Project Description:

The companies are seeking financial assistance in connection with the aquisition and construction of an approximately 400,000-square-foot industrial air cargo freight and logistics distribution facility.

Address:

130-02 South Conduit Avenue, Jamaica, NY 11430

Type of Benefits:

Payments in lieu of City real property taxes, exemption from City and State mortgage recording taxes, and exemption from City and State sales and use taxes. 

Cost of Benefits to City:

Projected City Tax Revenues:

 

Total Project Cost:Approximately $97,000,000
Projected Jobs:195 full-time equivalent jobs projected.
Hourly Wage Average and Range:

$26.40/hour, estimated range of $15.00/hour to $37.80/hour.

Cypress Pitkin Berriman, L.P.

Company Name: 

Cypress Pitkin Berriman, L.P., a for-profit affiliate of Cypress Hills Local Development Corporation, and its affiliate, Pitkin Berriman Housing Fund Development Corporation.

Project Description:

The companies are seeking financial assistance in connection with the renovation, furnishing and equipping of an approximately 10,696-square-foot retail condominium unit.

Addresses:

2501 Pitkin Avenue, Brooklyn, New York 11208

Type of Benefits:

Payments in lieu of City real property taxes and exemption from City and State sales and use taxes.

Cost of Benefits to City:

Projected City Tax Revenues:

Total Project Cost:Approximately $1,500,000
Current and Projected Jobs:18 full-time equivalent jobs projected.
Hourly Wage Average and Range:

$19.17/hour, estimated range of $15.00/hour to $25.00/hour.

Western Beef Retail, Inc.

Company Name: 

Western Beef Retail, Inc. and a to-be-formed affiliated real estate holding company

Project Description:

The companies are seeking financial assistance in connection with the aquisition, renovation, furnishing and equipping of an approximately 18,505-square-foot facility.

Addresses:

4720 Third Avenue, Bronx, New York 10458

Type of Benefits:

Payments in lieu of City real property taxes, exemption from City and State mortgage recording taxes, and exemption from City and State sales and use taxes.

Cost of Benefits to City:

Projected City Tax Revenues:

Total Project Cost:Approximately $23,500,000
Projected Jobs:94 full-time equivalent jobs projected.
Hourly Wage Average and Range:

$19.39/hour, estimated range of $15.00/hour to $26.00/hour.