Hamptons Business District lands key tax deal

A way's off: But a new 64,00-square-foot industrial/manufacturing/office space is coming to Roger's Way inside the Hamptons Business District, thanks in part to a fresh Suffolk County IDA incentives package.
By GREGORY ZELLER //

The evolving Hamptons Business District has received another substantial shot in the arm.

The Suffolk County Industrial Development Agency has issued preliminarily approval of a new tax-abatement package that will help developer Rechler at Gabreski LLC construct its third building at the expanding Westhampton Beach business hub, located on the grounds of the county’s Francis S. Gabreski Airport.

According to the IDA, the developer is investing $10.8 million in a construction plan at 215 Roger’s Way, marking the third of nine new buildings planned for the embryonic, but already influential, East End industrial park.

The 64,360-square-foot building will be “specifically designed to accommodate the space needs of various growing sectors,” according to the IDA, “including technology, business, office, manufacturing, warehouse and showroom.”

Labeling the continuing buildout of the 50-acre Hamptons Business District as “important,” Suffolk IDA Executive Director Tony Catapano expressed pride in his agency’s decision to assist Rechler at Gabreski LLC, a spinoff of Plainview-based Rechler Equity Partners.

“It helps to fill the void in quality Class-A industrial space on Long Island’s East End,” Catapano said Tuesday. “It will continue to be an economic-, tax- and job-generating hub that positively impacts many of Suffolk County’s residents.”

Kelly Morris: Suffolk IDA is meeting specific needs.

As planned, the state-of-the-art building at 215 Roger’s Way will feature spaces ranging from 2,000 square feet to 30,000 square feet, accommodating a multitude of potential tenants and allowing them to expand later without relocating. The IDA estimates that tenant businesses will create up to 42 permanent jobs within the first two years of residency at the site.

“The wide-ranging unit sizes are attractive to both small, medium and large businesses, because they will always have the opportunity to establish themselves in a space that suits their needs now and into the future,” noted Mitchell Rechler, co-managing partner of Rechler Equity Partners.

Two buildings are already open and occupied inside the Westhampton Beach hub, which is self-billed as the East End’s only Class-A industrial park and is ultimately expected to offer some 440,000 square feet of dynamic infrastructure.

The buildings at 200 and 220 Roger’s Way already exceed a combined 120,000 square feet of warehouse, distribution, manufacturing and office space and are currently home to a number of Long Island-based businesses, including Tate’s Bake Shop and the Westhampton Beach Brewing Co.

“We’re excited to start the construction process for 215 Roger’s Way and continue to provide East End businesses with the appropriate-sized spaces they desire,” Rechler said, adding the IDA tax-incentives package would “help move this needed project along for Long Island’s growing business community.”

That’s definitely the big-picture idea, according to Suffolk IDA Deputy Executive Director Kelly Morris, who noted “the available stock of industrial space is so limited across Long Island,” a dilemma that “speaks volumes to the necessity of moving a project like this forward.”

“Prior to the existence of the Hamptons Business District, this type of space did not exist on Long Island’s East End,” Morris said in a statement. “As businesses continue to migrate from west to east, the Hamptons Business District will remain a desired option which is vital to the economy and tax base for the communities along the South Fork.”


Comments are closed.