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Business to return to building after displaced by fire

May 13, 2016
Long Island Business News (libn.com)
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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 read more ››

New theater to open in Babylon

May 10, 2016
Long Island Business News
The site of the new indoor entertainment center in Babylon

A father and son are purchasing a movie theater in the heart of Babylon village and converting it into a performing arts and education space.

Mark Perlman and his son Dylan Perlman, through their company Main Street LLC, are investing more than $1.6 million to refurbish the existing abandoned building on West Main Street, whose first floor is 7,727 square feet and second floor is 5,801 square feet. The building most recently housed a Bow Tie Cinemas. The new space will be converted in an indoor entertainment venue to include comedy shows, productions, concerts and more.

The read more ››

Groundbreaking for Copiague rental project

May 3, 2016
Long Island Business News (libn.com)
Rendering of Copiague Commons

Developers, business leaders and elected officials are slated to attend an official groundbreaking ceremony Thursday for a 90-residence apartment complex in Copiague.

The $33.5 million project being built by the Community Development Corporation of Long Island and Conifer Realty will add 56 one-bedroom and 34 two-bedroom apartments on the Railroad Avenue site just across from the Copiague Long Island Rail Road station.

Demolition of the blighted site was recently completed to make way for read more ››

Q&A with Matthew McDonough

April 19, 2016
Long Island Business News
Matthew Mc Donough - Photo by Bob Giglione

February marked the one-year anniversary of Matthew McDonough serving as chief executive officer of the To Babylon Industrial Development Agency. He spoke with LIBN about recent deals, plans for a brewery incubator what companies should know about working with the agency.

Why are IDAs essential? An IDA’s basic function is to assist in a real estate transaction where there is a lease or sale of the building. In Babylon we become a partner, help with applications, so there is no need to have a fear of Town Hall. Our client’s paperwork becomes expedited – we read more ››

Long Island microbrewery center is a big dream

April 3, 2016
Newsday
The proposed location for a microbrewery incubator in Copiague. Photo Credit: Michael Dobie

White paint peels off the brick exterior. The roof looks like corrugated tin, the part of it that still remains. The other part looks up to the sky, wide open to the elements. Most of the windows no longer have glass. Only some are boarded up.

The ramshackle building on South Strong Avenue is part of the future in Copiague. Babylon Town planners envision a $12 million microbrewery incubator — as many as 10 beer brewers, learning from each other, perfecting their products, offering them in a tasting room, then moving out and into their own facilities nearby, forming a kind of brewery read more ››

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