Nassau County Executive Edward P. Mangano announced today that the Nassau Industrial Development Agency (IDA) has approved an economic compact for Lumber Earth Realty, LLC to bring 20 new housing opportunities and street-level retail stores to the Village of Roslyn’s downtown, while eliminating a vacant building through an adaptive reuse project that removes blight from the community.
County Executive Mangano stated, “My administration has made it a priority to create new ways in which to assist families, seniors, and young adults with rental housing options. Together with the IDA, we have helped create over 970 new housing opportunities in Nassau County. This project in the Village of Roslyn will assist residents with new housing opportunities while eliminating community blight and generating millions in economic benefit for the community.”
The Village of Roslyn has approved the $11 million project, which is expected to create 40 full-time equivalent construction jobs and 44 new full-time equivalent permanent positions. It is anticipated that the project will inject $5.7 million into the Nassau County economy and be completed by the spring of 2016.
About the Nassau County IDA
The Nassau County Industrial Development Agency consists of a team of professionals whose mission is to promote the economic welfare and prosperity of Nassau County. It is a resource for businesses in Nassau County and those considering relocation. The IDA provides assistance to businesses interested in relocating, expanding and financing new investments. It has provided assistance to a wide range of companies, including Hain Celestial Group, Arizona Iced Tea, Sleepy’s Mattress, Cold Spring Harbor Labs and Grumman Studios. For more information, please visit www.nassauida.org or call 516-571-1945.