ReportWire

Tag: suffolk ida

  • Mason Technologies plans new $29.9M headquarters in Hauppauge | Long Island Business News

    [ad_1]

    THE BLUEPRINT:

    • shifts from renovation to new 69,120-square-foot Hauppauge facility

    • gives preliminary approval for tax incentives on $29.9M project

    • Project will retain 237 jobs and add 25 new full-time positions

    • New headquarters will include office, warehouse, event space, and solar panels

     

    After Deer Park-based Mason Technologies planned to acquire and renovate a Hauppauge building, the company will now build an entirely new facility instead. 

    Mason, which specializes in low-voltage technology integration solutions, had originally planned to invest $20.8 million to renovate and expand the 50,000-square-foot building on 6.1 acres at 395 Oser Ave., for which the Suffolk County Industrial Development Agency approved economic incentives to assist last spring. 

    Courtesy of Mason Technologies

    However, after consulting with its architect Frank Relf and general contractor Kulka Group, the company has decided to demolish the existing building and construct a new 69,120-square-foot facility on the site. The Suffolk IDA has given preliminary approval for tax breaks to assist the $29.9 million project. 

    The project will create a centralized global headquarters for the Mason’s existing 237 full-time employees and an additional 25 full-time positions within two years of project completion, according to an IDA statement. 

    The proposed new facility will include office and warehouse space, as well as a dedicated exhibition and event area designed for business networking and demonstrations. The project also allows for a potential future expansion of up to 30,000 square feet. 

    The revised project is expected to allow Mason to occupy and operate from the facility about a year sooner than under the original renovation plan. Construction of the new facility is anticipated to generate about 100 construction jobs. 

    “The new project gives us a blank slate and allows us to design a facility that is fully tailored to our operational needs, without the limitations of the existing building,” Jennifer Mason, president of Mason Technologies, said in the statement. “This would not have been possible without our critical partnership with the Suffolk County IDA. We look forward to developing a headquarters that supports our team and our continued growth.” 

    Founded in 2002, Mason Technologies is a Suffolk County- and nationally certified Women’s Business Enterprise (WBE) delivering turnkey and custom integration for structured cabling, audiovisual systems, data centers, and unified security platforms, such as access control and CCTV. The company has performed work all over the world, running projects in the Middle East, Europe, and Asia, all for the U.S. government, according to its website.  

    “With these amended plans, Mason Technologies is making a long-term investment in Suffolk County and in its workforce,” Kelly Murphy, executive director of the Suffolk IDA, said in the statement. “This project reflects the type of thoughtful, forward-looking development that strengthens our local economy and retains high-quality jobs.” 

    Mason Technologies is also the first IDA client to qualify for additional tax benefits under Solar-Up Suffolk, an initiative to encourage the installation of solar energy systems. The company is expected to receive about $110,000 in property tax savings in exchange for installing solar panels on the roof of the new facility. 


    [ad_2]

    David Winzelberg

    Source link

  • Leviton getting IDA assist for lease extension and renovations | Long Island Business News

    Leviton getting IDA assist for lease extension and renovations | Long Island Business News

    [ad_1]

    Listen to this article

    Leviton Manufacturing Co. has received preliminary approval for economic incentives from the Suffolk County Industrial Development Agency to assist with a renovation project at the company’s Melville headquarters. 

    Leviton Manufacturing will extend its lease for the property at 210 N. Service Road through 2033 and invest more than $2 million to “renovate and enhance” the 156,000-square-foot facility, according to a Suffolk IDA statement. In addition, the company will retain its 414 employees, which have a total annual payroll of more than $55 million. 

    Founded in New York City in 1906, Leviton manufactures a wide range of electrical products, such as GFCIs, receptacles, switches, dimmers, smart devices, LED lighting, lighting controls and more, comprising over 25,000 devices and systems used across residential, commercial, and industrial markets. 

    Leviton relocated its global headquarters to Melville with assistance from the Suffolk IDA in June 2009. Leviton’s operations here include product testing, research and development, executive offices, marketing, human resources, supply chain and finance. Planned investments will cover renovations to the facility, acquisition of research and development test equipment, and enhancements to the IT infrastructure, according to the IDA. 

    “Leviton is a household name and has been growing alongside our regional economy for more than a century,” Kelly Murphy, Suffolk IDA’s CEO and executive director, said in the statement. “We are excited to incentivize their lease extension and support the new investments into their existing headquarters that will improve their operations and, more importantly, keep the company and its hundreds of employees here in Suffolk County.” 

    Leviton Manufacturing, along with its subsidiaries and affiliates, operates in more than 85 countries across six continents. The company has a workforce of 6,500 in 60 locations worldwide. Leviton owns three factories in North Carolina, one factory in Pennsylvania, and a distribution center in Tennessee. The company also has operations in 10 other locations across the U.S. 

    “The Suffolk IDA has consistently proven to be an exceptional team to collaborate with, and the support they offer has been invaluable to us remaining in Melville,” Caroline Kispert, senior director of Risk Management and Real Estate at Leviton, said in the statement. “We are grateful for the assistance and overall direction they have provided us throughout this process. It is safe to say that we look forward to further growth on Long Island, thanks to their support.” 

    [ad_2]

    David Winzelberg

    Source link

  • Beechwood’s $137.4M hotel project getting IDA assist | Long Island Business News

    Beechwood’s $137.4M hotel project getting IDA assist | Long Island Business News

    [ad_1]

    Listen to this article

    A project that would bring a 299-room hotel to a Melville industrial site has received preliminary approval for economic incentives from the Suffolk County Industrial Development Agency. 

    Jericho-based Beechwood Organization is planning to build a four story, 402,450-square-foot extended-stay hotel that will replace an existing industrial building on 10.3 acres at 125 Spagnoli Road. 

    Rendering of The Ferncliff Hotel lobby. / Courtesy of The Beechwood Organization

    Called The Ferncliff Hotel, the $137.4 million project will have studio, one-, two-, and three-bedroom units, which will be available for overnight, weekly, monthly or a longer-term stay, according to an IDA statement. Amenities at the hotel will include two interior courtyards, fitness center, swimming pools with surrounding patios, restaurant, bar, dog park, grilling stations and a rooftop patio. 

    Developers expect that the hotel will attract long-term stay guests, corporate travelers, snowbirds, conference and leisure visitors to the Melville, Huntington and Babylon areas. 

    “We’re excited for the opportunity to create The Ferncliff Hotel, which will satisfy the growing need for extended-stay accommodations in the region,” Steven Dubb, a Beechwood principal, said in the statement. “Without the IDA’s support of this project, it simply could not happen. We’re confident based on our experience in the hotel market, and the studies that have been completed for this project, that this hotel will be an economic generator for the county for decades to come.” 

    While the IDA tax breaks for the project come to more than $10 million, the IDA says the development will generate more in taxes and contribute more to the local economy than the current industrial property, which generates almost $300,000 a year in property taxes. In the first year of its agreement with the Suffolk IDA, the property will generate more than $504,000 and over the course of the IDA’s 15-year agreement, nearly $12 million in property taxes will be collected, according to the statement. The project, which will create 22 jobs, is expected to provide a net public benefit of more than $18 million, based on a cost-benefit analysis by Grow America. 

    “Unlike other hotels in the area, what The Ferncliff has proposed satisfies an accommodation need in the area that has growing demand for all types of travelers,” Kelly Murphy, acting executive director of the Suffolk IDA, said in the statement. “What they’re creating will establish a home away from home for individuals traveling to our region, whether for business or leisure. This extended stay concept, along with its unparalleled amenities and strategic location, is poised to be a significant destination for travelers.” 

    The Spagnoli Road property has been owned by Frelen Associates LLC and occupied by Poly Pak Industries, a packaging manufacturer, which plans to relocate its operations off Long Island, according to published reports. 

    The Ferncliff Hotel is expected to open in the summer of 2027. 

    [ad_2]

    David Winzelberg

    Source link

  • Improvement project at Canon’s Melville HQ getting IDA assist | Long Island Business News

    Improvement project at Canon’s Melville HQ getting IDA assist | Long Island Business News

    [ad_1]

    Listen to this article

    Canon U.S.A. plans to invest $8 million on technology improvements at its Melville headquarters with the help of the Suffolk County Industrial Development Agency. 

    The Suffolk IDA has preliminarily approved economic incentives to assist in the project that aims to enhance Canon’s capabilities for employees that work remotely three days a week. The company began its hybrid work model during the COVID pandemic and has continued the practice. 

    The improvement project is comprised of “significant facility and infrastructure investments” that include technological upgrades to the company’s wireless systems, conference rooms and training centers in an effort to sustain operational efficiency, according to an IDA statement. 

    “Canon U.S.A. has been a point of pride for Long Island since the establishment of their first offices back in 1971 and we are thankful they have called Melville their Canon Americas headquarters for more than a decade now,” Kelly Murphy, acting executive director of the Suffolk IDA, said in the statement. “This project is a perfect example of why a large part of Suffolk IDA’s mission is ensuring businesses not only come to Long Island but remain here over time. The Suffolk IDA is thrilled to do our part in ensuring a major player in Long Island’s economy keeps their facilities and employees in Suffolk County for years to come.” 

    Canon U.S.A. was initially assisted by the Suffolk IDA when it moved from Lake Success to its Melville headquarters in 2013. The flagship $459 million facility sits on a 52-acre campus and is currently the largest commercial property on Long Island to achieve LEED Gold Certification from the US Green Building Council, according to the IDA. The 696,000-square-foot building’s design features natural lighting and water-efficient plumbing fixtures that reduce consumption by 35 percent, among other features. The campus is also equipped with EV charging stations and includes a fitness center, walking paths, a cafeteria, a learning center, and other amenities. 

    “Securing Canon’s steadfast presence in Melville is a testament to the Suffolk County IDA’s ongoing efforts to fortify Long Island’s reputation for being a powerhouse for technological innovation and economic prosperity,” Sarah Lansdale, chair of the Suffolk Industrial Development Agency and commissioner of the Suffolk County Department of Economic Development and Planning, said in the statement. “As an employer, Canon fosters a diverse and talented workforce. Beyond the economic impact, Canon exemplifies a dedication for social responsibility by advocating for underserved communities and championing environmental conservation. The Suffolk IDA celebrates this collaboration with Canon, which reinforces our pledge to facilitate growth, provide financial incentives, and remain a dedicated partner to businesses that choose Long Island as their home.” 

    Amy Newman, vice president and general manager of General Affairs & Regional Operations at Canon U.S.A., said Canon U.S.A. has called Long Island home for more than 50 years and continues to work toward strengthening Suffolk County. “We continuously strive to meet the needs of both our customers and our employees,” Newman said in the statement. “The technology upgrade project is a long-term, strategic investment with far-reaching benefits for our organization and the broader Suffolk County community, enabling our employees to continue to live and work on Long Island. We are excited to remain in Suffolk County, and we once again sincerely thank the Suffolk IDA for their assistance and continued partnership.” 

    [ad_2]

    David Winzelberg

    Source link