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Business to return to building after displaced by fire

Date: 

Friday, May 13, 2016

Publication: 

Long Island Business News (libn.com)

Author: 

Adina Genn
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An East Farmingdale laundry company that was displaced after a fire in the summer of 2015 plans to move back into its original headquarters, officials said.

Allen Boulevard Corporation plans to restore the 10,000-square-foot building at 71 Allen Boulevard. Owner Ed Savarese, Jr., is investing $1.5 million into the project with new construction, an updated sprinkler system, new equipment and furnishings.

He is rebuilding the company after his father Ed Savarese, Sr., died shortly after the fire. The company will be adding 40 full-time union employees.

The company offers laundry services for linens and bed sheets for hospitals. After the fire, the company contracted work out to competitors. But the firm has been working to bring everything back inhouse as soon as possible.

Babylon Industrial Development Agency CEO Matthew McDonough said his organization has worked with Allen Boulevard since late 2015, in particular, with helping to expedite planning with the town’s building department so that the company can reopen in its original facility as quickly as possible.

The IDA typically works with projects with buildings that are larger than 10,000-square-feet. But because of the original “loss of jobs” caused by the fire, as well as the new sprinkler system that “goes beyond code,” McDonough said the IDA “was interested in helping.”

The sales tax exemption would be $43,000, and the property tax abatement would be $115,000 over a 12-year period.

Babylon IDA
47 West Main Street - Suite 3
Babylon, NY 11702
Tel: 631-587-3679
info@babylonida.org