Subsidy Alert: February 2011
Moisha’s Kosher Discount Supermarket, Inc., and ACA Quality Building Products, LLC
- To learn how the Board of Directors voted on these projects, see the agency "board books" here.
Please take a moment to look over the project summaries below. We encourage anyone with concerns or comments about these proposals to participate in the hearing.
Also, thanks to improved transparency efforts at the IDA, public hearings and board meetings are now available as streaming audiocasts for three days following each meeting. Audiocasts are found on the IDA Public Hearing page of the EDC website.
Straight-lease transaction for the benefit of 325 Ave M, LLC, a real estate holding company on behalf of Moisha’s Kosher Discount Supermarket, Inc., d/b/a Moisha’s Discount Supermarket, in connection with the acquisition, renovation, demolition, construction, furnishing and/or equipping of (i) an approximately 18,000 square foot supermarket and (ii) approximately 18,000 square feet of ancillary parking, located on an approximately 36,000 square foot parcel of land located at 305-325 Avenue M, Brooklyn, New York 11230. The financial assistance proposed to be conferred by the Agency will consist of payments in lieu of City real property taxes, exemption from City and State mortgage recording taxes, and exemption from City and State sales and use taxes.
Straight lease (Industrial Incentive Program) transaction for the benefit of a to-beformed entity on behalf of ACA Quality Building Products, LLC, a building supply manufacturer, in connection with the acquisition, renovation, equipping and/or furnishing of an approximately 75,100 square foot facility located on an approximately 58,000 square foot parcel of land located at 850 East 138th Street, Bronx, NY 10454. The financial assistance proposed to be conferred by the Agency will consist of payments in lieu of City real property taxes, exemption from City and State mortgage recording taxes and exemption from City and State sales and use taxes.
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