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Broadway Bound

July 27, 2016
Long Island Business News (libn.com)
Starbucks will be the first retailer at the Greybarn in North Amityville.

A new mixed-use project on Broadway in North Amityville has its first two retail tenants.

Starbucks will open a new 1,800-square-foot location within the next few weeks and in a few months a GoHealth Urgent Care walk-in medical clinic will open in a 2,200-square-foot space in a freestanding retail building at Greybarn, the mixed-use redevelopment of a 20-acre former trailer park.

The 3,990-square-foot retail building is part of the project’s first phase, which will also bring 25 one-bedroom and 25 two-bedroom apartments over about 36,000 square feet of retail space in an read more ››

Business to return to building after displaced by fire

May 13, 2016
Long Island Business News (libn.com)
Google Maps Image

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 ››

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