By GREGORY ZELLER //
An upscale hotel-restaurant on Northport’s Main Street is a step closer to reality, thanks to the Suffolk County Industrial Development Agency.
The Suffolk IDA on Thursday approved a tax-abatement transaction that will assist 225 Northport LLC with the construction of a 24-room “boutique hotel and restaurant” at 225 Main St., current site of a dated, 17,610-square-foot building used primarily as office and restaurant space.
The hotel/restaurant will encompass more than 25,000 square feet on the same site, which is located directly across the street from the John W. Engeman Theatre – which is also owned by 225 Northport LLC co-owner Kevin O’Neill.
The $11 million construction project, which is also receiving economic-development support from the Village of Northport and his blessed from on high by the Town of Huntington, will “revitalize an underutilized property and create much-needed lodging and parking in the historic downtown,” according to the IDA.
It will also “generate significant tax revenue for the Northport community,” noted Suffolk IDA Executive Director Tony Catapano.
“The proposed renovation will fill a void in an area absent of hotels and, in turn, stimulate the local economy,” Catapano said in a statement.
The Engeman Theatre already employs more than 200 people and “brings [more than] 110,000 consumers to the village each year,” the IDA said. When completed, the new facility is expected to create 40-plus permanent jobs.
The construction plan also includes “50 or more” on-site parking spaces, according to the IDA, and will ultimately “generate $1 million more in property taxes than its current use,” according to Suffolk IDA Executive Director Kelly Morris.
O’Neill said 225 Northport LLC was “enthusiastic about the development of the Northport Hotel,” which will be located across the street from “a staple of Northport.”
“This project reaffirms our commitment to both Northport and Suffolk County and it would not have been possible without the support of the Town of Huntington, the Village of Northport and the Suffolk County IDA,” O’Neill said Thursday. “Their assistance has helped us realize our goals for this community.”