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A project to renovate an office building in Westbury has received preliminary approval for economic incentives from the Town of Hempstead Industrial Development Agency.
The incentives will go to 875 Merrick LLC, owned by Charles Piluso, for a $3 million renovation of the 43,657-square-foot building at 875 Merrick Ave. across from Eisenhower Park.
875 Merrick Ave. Westbury / Google Maps image
The building has been vacant since the departure of its tenant GEICO.
The renovations, aimed at converting the building into a contemporary Class-A office building, will include a new roof, facade, new building systems and the building’s interior, according to an IDA statement.
Incentives for the project, which is expected to generate 50 construction jobs and 110 permanent full-time equivalent positions, are subject to further IDA review, a public hearing and a final authorizing resolution.
“This project has the potential to create more than a hundred new jobs as the building is upgraded and tenanted and bring in new revenues for all the taxing jurisdictions,” Fred Parola, Hempstead IDA CEO, said in the statement.
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Image and article originally from libn.com. Read the original article here.