Based on Long Island, the folks at Castagna Realty are very clear about their mission: “to be a leading diversified real estate company committed to the development and management of premier quality properties…and continuing its heritage of commitment to quality, Castagna Realty Co., Inc. is dedicated to the development of profitable, environmentally responsible projects that enhance the community.” Is it any wonder, then, that the plan for the Castagna Commerce Park here in Pawling is generating so much interest and excitement?
I had the pleasure recently of speaking to Alexander Wong, manager for Castagna Reality, the developer for the Rt. 22 project, and was impressed at the level of enthusiasm and community concern that was part of his side of the conversation. There was a real sense of wanting to get it all right…of working deliberately so that each phase; each milestone was achieved to perfection. It certainly made me feel confident that what was to be accomplished by them for our community would have a most positive impact.
My personal impressions aside, the facts of this plan do speak for themselves. The project will happen in four very specific phases that will occupy two hundred acres along the east side of Route 22, while keeping 100 of those acres preserved as open space. The first phase will begin as soon the appropriate funds are received from the State to begin the upgrade to the sewer and waste water system along this section of state road. To that end, they have been working very closely with the Town Board, the Joint Sewer Commission, and the Planning Board to facilitate this, with $500,000 in funding already underway. The expectation is that this will happen in 2014, and groundbreaking for the Castagna Commerce Park will begin concurrently.
The initial phase will consist of 180 of the planned 400 units of Senior Housing along with 67,000 square feet of the eventual 200,000 square feet of medical office building space, zonings achieved with their partner Kearney Reality. Additionally, 200,000 square feet of retail space will be created. The last phase will include a hotel, which will complete this center for healthy aging. The projected conclusion of the project will be sometime between 2017 and 2018.
The statistics for this project are very impressive, and the benefits to the Pawling community will be long lasting. This development will have an investment of over $185 million by the Castagna Commerce Park, and will eventually generate $4.4 million in annual tax revenue, provide 2,000 construction jobs and 1,000 permanent jobs with almost a third of these benefits accruing in the initial phase.
If Brady Brook Falls, Castagna Realty’s other venture here in Pawling, is any indication of the quality of product that this group renders, then our community stands to gain much more than mere usable square footage, and I look forward to providing updates as planning progresses.
Click to see plans:
Submitted exclusively to Pawling Public Radio