Construction To Start On West Hempstead Residential, Retail Complex

WEST HEMPSTEAD, NY — The Town of Hempstead Industrial Development Agency (IDA) has reauthorized an economic incentives package for the construction of an apartment/retail complex in West Hempstead.

The project has received Town of Hempstead approvals. The project is expected to generate 250 construction jobs and seven permanent jobs. Construction is expected to begin in January, following the demolition of the existing building, and be fully completed in 2027, the IDA said.

The 9.4-acre site of the proposed project, 0.3 miles from the West Hempstead LIRR station, is a three-story, 106,652-square-foot building that previously was home to an S. Klein department store from 1955 until 1974 and after that branch of E.J. Korvette, and the now-shuttered National Wholesale Liquidators.

"This Is an excellent ‘good growth' project approved by the IDA," said Parola. "It will replace an eyesore— a dilapidated building, bring much-needed rental housing to the town close to public transit, create jobs and generate increased revenues for our taxing jurisdictions."

The buildings would total 481,089 square feet. Heatherwood Luxury Rentals plan calls for 428 apartments, 5,575 square feet of retail space in two four-story buildings and parking for 740 cars.

The developer was granted a 20-year PILOT agreement with the IDA under which it would pay an average of $2.1 million each year to various taxing jurisdictions.

The project is expected to cost $212 million to complete.