● ROSLYN O-S LLC
New Nassau County Hilton okayed
Nassau County Executive Edward P. Mangano announced that the Nassau County Industrial Development Agency has approved an economic development compact that paves the way for a new Hilton Garden Inn in Port Washington.
The project will create 300 full-time equivalent construction jobs and once completed, 62 permanent jobs. It is expected to generate total economic benefits of $6.2 million.
“This hotel project is important to Nassau County. It creates new jobs for our residents, provides a convenient place to stay for business and leisure visitors in a part of the county where hotel rooms are scarce and rids a beautiful industrial park of an eyesore,” said Mangano.
The economic compact allows Roslyn O-S LLC to construct a $26 million, 165-room Hilton Garden Inn at 3 Harbor Park Drive.
The hotel will replace an abandoned sports facility in the Harbor View Corporate Park, near the headquarters of research firm NPD Group and filtration systems maker Pall Corp.
$350M logistics center moving forward
Goodman Group, Australia’s largest industrial property group, announced that its North American subsidiary, Goodman Birtcher has received entitlement approvals for the development of a proposed $350 million logistics center in Linden, New Jersey.
The proposed project is part of the $1.4 billion development pipeline in the key US logistics markets of California, Pennsylvania and New Jersey, which provides the ability to develop 15 million square feet of new class A logistics space.
The proposed development will offer a combined total of over 2.8 million s/f of logistics space across five high grade distribution warehouses, which are to be delivered in three phases.
The land was sourced through Doug Bansbach Larry Casey and Andrew Houston of Cassidy Turley.
● ADVANCE / F. GREEK DEVELOPMENT
Works starts on new warehouse
Woodbridge Mayor John McCormac joined Advance Realty President Peter J. Cocoziello, F. Greek Development president Frank Greek and Preferred Freezer Services CEO John Galiher to break ground on a 190,000 s/f refrigerated warehouse and distribution building at 275 Blair Road in Woodbridge, NJ.
The facility, under construction on a 9.33-acre site, is fully leased by Preferred Freezer Services, a nationwide operator of temperature-controlled warehouses.
A joint-venture partnership of Advance Realty and F. Greek Development is developing the built-to-suit warehouse.
As a transit-orientation corporation, Preferred Freezer will benefit from the facility’s location in close proximity to Newark Liberty International Airport and the Port Newark/Elizabeth Marine Terminal. The site also offers access to key New Jersey roadways including the New Jersey Turnpike.
Developer signs off on boutique hotel
The Pinnacle Companies unveiled plans for The MC, a $35 million, 120,000 s/f eight-story boutique hotel at Bloomfield Avenue and Orange Road in downtown Montclair.
When opened, the 148-room hotel will become part of the Autograph Collection, Marriott International’s exclusive portfolio of independent hotels.“The hotel’s original, one-of-a-kind design – complete with an urban rooftop – will compliment Montclair’s organic street life,” said Chris Lessard, president and CEO, Lessard Design, the project’s master development architect. Dash Design is the hotel’s interior design and branding firm.
Groundbreaking for The MC is anticipated during the fourth quarter of 2014 and construction will take approximately 15 months. The hotel is expected to open in early 2016.