Business & Tech
Hampton Business District Kicks Off Phase One
The project has been discussed for years and is expected to create between 600-700 new jobs.
After years of anticipation, Rechler Equity Partners began development at their Hampton Business District at Gabreski Airport in Westhampton.
The Hampton Business District is slated to total over 440,000 square feet in nine buildings that combine traditional materials with modern forms, with office space ranging from 1,333 square feet up to 100,000 square feet.
In addition, business center will feature more than 39,000 square feet of space for a business such as restaurant, health club, or bank. The project also includes a planned 145-room hotel.
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Signage and hotel height have been issues of community discussion at hearings dating back to 2011.
Phase One will commence with 220 Roger’s Way, a 60,000-square-foot industrial building, followed by 215 Roger’s Way and 205 Roger’s Way, two state-of-the-art office and medical buildings that will total 60,000 square feet upon completion and address region’s growing healthcare sector, according to developers.
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Green technology will also be on the agenda; an on-premises daycare center will also be available. Businesses seeking to locate at the site could also be eligible for tax benefits.
“Our commitment to Long Island extends from one end to the other and signifies a deep respect and appreciation for the community,” said Gregg Rechler, managing partner of the firm with his cousin Mitchell. “We are privileged to carry on the legacy of excellence on Long Island commercial real estate that was first established by our grandfather.”
“The Rechler family has been involved in the real estate development business for three generations, having first pioneered industrial park development,” added Mitchell Rechler. “We are uniquely qualified to draw upon more than 55 years of vision, knowledge and resources, all of which have merged seamlessly in the development of the Hamptons Business District.”
While the Rechlers of Rechler Equity Partners had intended to break ground on the $100 million business center in October, their plans were put on hold.
According to Ellen Cea, director of business development at the Hampton Business District, the partial government shut-down caused a needed approval from the FAA to be delayed.
Cea said the FAA request was a required formality because the business district sits on an airport — the FAA needs to sign off on the construction plan, she said.
The Hampton Business District has been in the works for several decades with a ribbon cutting taking place in Feb. 2011 after Suffolk County, which is leasing the property to the Rechlers, completed $1.8 million in infrastructure improvements at the site, including a main entrance, roads and curbing.
Once complete, the Hampton Business District is anticipated to generate more than $7 million in rental revenue to the county over the next ten years and more than $40 million over the life of the 40-year lease.
The goal, according to the Rechlers is to bring in businesses that will create between 600-700 high paying jobs.
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