(Long Island, NY) The Nassau Industrial Development Agency (NCIDA) has recently announced the approval of an economic development compact that assists in paving the way for revitalization of downtown Westbury.
This project will allow MPA Owners, LLC to demolish two rundown buildings located on Post Ave. in Westbury and construct a new 20,700 square-foot building with 10 one-bedroom rental apartments and four stores.
Nassau County Executive Edward P. Mangano said that the move is another step to improve the County’s shaky economic climate and housing shortage situation.
“This project not only helps in revitalizing downtown Westbury, but also improves the quality of life,” he said. “It also spurs economic development in the village while increasing the availability of rental apartments which are in short supply and high demand.”
A representative from the IDA told NewsLI.com that these two buildings are on one parcel with addresses 157-161 Post Avenue in the village of Westbury.
Shown above is building one which makes up 157a and 157b with 161 Post Avenue on right.
The project will generate economic benefits to the county of $1.8 million for the local economy. The project is expected to result in the creation of at least four full-time equivalent construction jobs and three permanent jobs.
The IDA provides assistance to businesses interested in relocating, expanding and financing new investments.
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