Developer seeks to reduce job commitment it made to obtain IDA tax breaks newsday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.com Daily Mail and Mail on Sunday newspapers.
The overall industrial vacancy rate on Long Island dropped to 2.6 percent in the third quarter, more than 30 percent lower than the area’s pre-pandemic vacancy rate of 4.5 percent.
The site purchased by New Jersey-based Hartz Mountain in Oct. 2018 for $54.5 million, is planned to have more than 900,000 square feet of industrial and