The Industrial Development Agency (IDA) approved an economic compact on June 28 that allows a developer to redevelop an underperforming Westbury office building into a pioneering telecommunications hub and bring new high-paying technology jobs to Nassau County.
“This unique project will help generate high-paying technology jobs in Nassau County, which are necessary for the long-term success of our economy” said Nassau County Executive Ed Mangano. “This transformative project will reposition an underperforming commercial property in an economically diverse area into a technology driven hub of economic activity.”
The project is expected to bring in more than $165 million. The developer, 1025 OCR along with Mazel Productions, anticipates adding 27 new employees at the site and another 65 employees working for various tenants in the building. In addition, the project is anticipated to produce at least 30 construction jobs. The developer will spend $20.75 million to upgrade the infrastructure and power supply of a 165,395-square-foot building at 1025 Old Country Rd. in Westbury. A second, adjacent building, at 51 State St. in Westbury, will be demolished and used as a parking lot. The proposed renovations, which will take five to seven to complete, are aimed to create a telecommunications hub that leverages existing infrastructure and technology at the four-story property, part of which were originally constructed in the 1950s and since expanded.
As a result of the renovations, the developer anticipates high-paying technology jobs will be created by tenants who co-locate at the facility. The building houses Manhattan Bypass fiber optic routes and has connectivity to submarine landing stations that come into Long Island.