Westchester Agency OKs Funding For Mamaroneck Project
WESTCHESTER COUNTY, N.Y. -- Westchester's Industrial Development Agency has approved financing and incentives for Mamaroneck Self-Storage and three other major county development projects.
With a total of $71.5 million in private investment, the four projects will create more than 750 full-time jobs. The transaction fees paid to the IDA on the projects will generate more than $122,000, which will be used to support small businesses and stimulate job creation. Besides Mamaroneck Self-Storage, the IDA-approved projects include an environmental brown site transformed into new housing and resident parking, prime office space upgraded for high-paying professional jobs and the renovation of one of the county's most iconic tourism destinations. Murphy Brothers Contracting, a family-owned and operated general contracting firm in Mamaroneck, received IDA approval for a sales tax exemption on materials for the construction of a 40,000-square-foot self-storage facility at 426 Waverly Ave. in Mamaroneck.
Designed by local architect Kim Martelli, the new building will incorporate green building technologies, including solar shingles, heat-recovery ventilators, high-efficiency variable refrigerant flow cooling and heating system, and high-performance windows. The $3.5 million project, involving about 200 construction jobs, is scheduled to be completed by Labor Day weekend 2015. "The sales tax exemption from the county's IDA will go a long way in helping us to grow our new business venture in an exciting direction. We will be able to purchase better lighting, upgrade the landscaping, improve the look of the customer service area and make Mamaroneck Self-Storage more attractive to our prospective customers and to those who live and work in the area," said Sean Murphy, vice president of Murphy Brothers Contracting.
Murphy Brothers Contracting is also working with the state Energy and Research Development Authority and Steven Winter Associates to incorporate energy-saving elements into the facility's construction.
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