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 December 7, 2017, can be found below.

DMFYD LIC LLC Public Hearing Package- December 7, 2017

Trinity Group Holdings LLC Public Hearing Package- December 7, 2017

Western Beef Retail, Inc. Public Hearing Package- December 7, 2017

DMFYD LIC LLC

Company Name: 

DMFYD LIC LLC

Project Description:

The Company seeks financial assistance in connection with the construction and development of a 3-story, approximately 86,234 sq. ft. facility.

Addresses:

9-03 44th Road, Long Island City, New York 11101

Type of Benefits:

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

Cost of Benefits to City:

 $8,061,906

Projected City Tax Revenues:

 $10,835,041

Total Project Cost:Approximately $31,215,962
Current and Projected Jobs:239 full-time equivalent jobs projected.
Hourly Wage Average and Range:

$35.00/hour, estimated range of $15.00/hour to $95.00/hour.

Trinity Group Holdings LLC

Company Name: 

Trinity Group Holdings LLC, and its affiliates Hogan Asphalt LLC and Richmond Recycling LLC

Project Description:

The Company seeks financial assistance in connection with: (1) the acquisition of an approximately 44 acre parcel of land and a 3,400 sq. ft. building and a 10,000 sq. ft. garage thereon; (2) the acquistion of machinery and equipment to be used for the production of asphalt; and (3) the design and construction of property improvements consisting of but not limited to marine and rail transport, office space and garage refurbishments.

Addresses:

1900 South Avenue, Staten Island, New York 10314

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:

 $26,018,092

Projected City Tax Revenues:

 $34,606,284

Total Project Cost:Approximately $57,480,000
Projected Jobs:41 full-time equivalent jobs retained, 17 full-time equivalent jobs projected.

Hourly Wage Average and Range:

$23.87/hour, estimated range of $15.00/hour to $61.25/hour.

Western Beef Retail, Inc.

Company Name: 

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

Project Description:The Project was originally authorized by the NYCIDA Board of Directors on November 8, 2017. Agency staff is requesting that the NYCIDA Board of Directors approve an Amended and Restated Resolution to reflect the correct square footage of the facility. The Project includes the acquisition, renovation, furnishing and equipping of an existing approximately 19,285 sq. ft. facility located on an approximately 36,854 sq. ft. parcel of land to be owned and operated as a full-service Western Beef Supermarket.
Addresses:

4720 Third Avenue, Bronx, NY 10458

Type of Benefits:

No additional benefits are being sought by the Applicant. Benefits approved by the NYCIDA Board of Directors on November 8, 2017 include: 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:

$10,085,863

Projected City Tax Revenues:

$11,349,402

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.