Brookhaven IDA joins Gitto Group at opening of The Hills apartment project in Port Jefferson

The Hills on Texaco Avenue - Port Jefferson, NY

Port Jefferson, NY Officials of the Town of Brookhaven Industrial Development Agency (IDA) joined with principals of the developer, the Gitto Group, to mark the opening on July 26 of phase I of The Hills, a 74-unit apartment project on Texaco Ave. Gitto’s Rail Realty LLC affiliate received IDA incentives for the project. The 38 units in the first-completed building were completely pre-leased and there is a waiting list for the second building, due to be completed next year. At a ceremony to mark the opening, Gitto principal Tony Gitto told the gathering that the IDA whole supported the project, which is expected to spur revitalization efforts in what is known as Upper Port, and that the project could not have been done without the agency’s assistance.

Shown (from left) are: Rob Gitto, Tony Gitto,
IDA chairman Frederick Braun III and IDA deputy director Jim Tullo.

Since 1971, the mission of the Brookhaven IDA has been to promote the economic welfare and prosperity of the town by assisting in the acquisition, construction, reconstruction, and equipping of commercial and industrial facilities. The IDA has issued millions of dollars in tax-exempt or taxable bonds and provided assistance through straight lease deals to encourage companies to locate or expand in the town of Brookhaven.

This assistance has been extended to companies both large and small, and has resulted in the direct creation of thousands of jobs for Brookhaven residents. The IDA has provided assistance to a wide range of companies, including Tate’s, Amneal Pharmaceuticals, Precision International, LI Precast, Woodcrest, Uncle Wally’s, and Framerica.