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Posted: December 22, 2014
Frederick Braun III, Brookhaven Industrial Development Agency
What was your most notable project, deal, transaction or personal achievement in 2014?
The Brookhaven Industrial Development Agency's most notable project involved benefits for Wincoram Commons, a mixed-use development in Coram. Benefits, including a property tax abatement, sales-tax exemption and mortgage recording tax exemption, were conferred on the three-phase project. Rochester-based Conifer Realty and the nonprofit Community Development Corp. of Long Island are redeveloping a former UA movie theater in Coram into a pedestrian-friendly complex of 176 workforce rental units, 22,600 s/f of retail/commercial space, and a public plaza. The $55 million project on 17.5 acres will create approximately 200 jobs and total over 205,000 s/f of mixed use.
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