Commerce Park Announced At Chamber Meeting
On Tuesday, November 19th, the Pawling Chamber of Commerce held a General Membership Meeting, with a busy agenda focused on the Castagna Commerce Park, Senior Housing and Medical Office Building. Several guest speakers and over 75 people attended.
The meeting was hosted by M&T Bank on Route 22. Hors d’oeuvres from McKinney & Doyle were served. M&T financial planner, Laura Medigovich, gave a presentation on the importance of financial planning for women.
Special guests included, New York State Senator, Greg Ball, Pawling Town Supervisor David Kelly, and Pawling Village Mayor, Robert Liffland. Chamber of Commerce President, Peter Cris welcomed everyone and made introductions. David Kelly, then made the important announcement that the sewer line was approved by the town planning board that morning. This will be accomplished at no cost to the Town of Pawling as a result of funding secured from New York State through the efforts of Senator Ball and Castagna Realty’s contribution to the project. This sewer line was and is key to the development of the planned Commerce Park, Senior Housing and Medical Office building.
John Gutleber, President and CEO of Castagna Realty and Ken Kearney, President of Kearney Real Estate Development provided detailed information about the initial phase of the development, estimated to break ground in the summer or fall of 2014. This first phase will include 80 senior housing rental units and 67,000 square feet of medical offices. They are in talks with several medical groups who are interested in occupying this space.
Phase II, planned for 2015 start, will include an additional 100 senior housing townhomes. Phase III will be additional medical offices and Phase IV is planned to be 220 additional senior housing units and 200,000 square feet of retail and hotel space.
Many attendees asked questions about the housing units and qualification for the rental units. Mr. Kearney indicated there will be income requirements and an application process for the subsidized rental units. The application process is expected to start about 6 months into the construction process, which should be around the spring of 2015.
This project is a significant addition to the overall economic development of Pawling and provides significant benefits to the town, including 1,823 construction jobs, 898 permanent jobs and cumulative tax revenue of over $5 million dollars over the five years of development.
A very informative meeting and great news for Pawling!