Real Estate
Warehouse Gets Final Approval Near JFK; Dozens Of Jobs Likely
The 3.6-acre warehouse takes over the land once held by Rockaway Metals in Inwood, the Town of Hempstead Industrial Development Agency said.
INWOOD, NY — The Town of Hempstead Industrial Development Agency has given final approval to a package of economic benefits for a proposed warehouse near Kennedy Airport.
The 3.6-acre warehouse would sit on a once-polluted site in Inwood.
AIREF JFK IC LCC, an affiliate of global real estate investor Los Angeles-based Ares Industrial, intends to spend $48 million to build a 68,000-square-foot facility at 175 Roger Ave. and 41 Cerro St. The site is the former home of Rockaway Metals and was later owned by Nassau County.
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It is within five miles of the airport's cargo terminal.
"As this project moves forward it will transform a long-blighted property into a productive one and an active employment center," said Frederick Parola, Chief Executive of the IDA. "We welcome Ares’ interest and its investment in the Town of Hempstead."
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The project includes 14 loading docks, and one drive-in door. The site will contain 68 parking stalls. It is expected to generate 50 construction jobs.
Work is likely to start next month.
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