Real Estate Weekly
Image default
Construction & Design Debt & Equity

IDA strikes deal for new Nassau County Hilton

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.

The project will create 300 full-time-equivalent construction jobs
The project will create 300 full-time-equivalent construction jobs

“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 County Executive Mangano.

The economic compact allows Roslyn O-S LLC to construct a $26 million, 165-room Hilton Garden Inn at 3 Harbor Park Dr., Port Washington The new hotel will replace an abandoned, dilapidated sports facility in the Harbor View Corporate Park—near the headquarters of research firm NPD Group and filtration systems maker Pall Corp.

 The hotel, the first branded hotel in northwestern Nassau County, has received the necessary approvals from the Town of North Hempstead. Construction, expected to begin within 30 days of the closing of the economic compact, will last 13 months.

“This property has been vacant for many years and without the IDA’s assistance it’s unlikely that this project would be undertaken,” said Joseph Kearney, executive director of the IDA.

(Visited 1 times, 1 visits today)

Related posts

Douglaston completes build-out for urgent care center at Crossroads Plaza

REW

Soho gets a taste of what could be with new Vision Plan

REW

Bergman lands $30M loan for Giralda Farms acquisition

REW