The Westchester Industrial Development Agency (IDA) has approved $481,562 in additional sales tax exemptions for Ginsburg Development Companies to complete upgrades to ground-floor retail spaces at 50 Main Street, a sprawling mixed-use complex in White Plains.
The IDA’s final approval grants the developer $481,562 in additional sales tax exemptions for Ginsburg Development Companies’ City Square project at 50 Main Street.
Located near the Metro-North train station, 50 Main Street is located within the City Square complex, a major transit-oriented development comprising a mix of offices, retail space, restaurants, residential apartments, and a landscaped park.
50 Main Street at City Square – Rendering Courtesy of Ginsburg Development Companies
In 2019, Ginsburg was granted a sales tax exemption of approximately $1.57 million to complete the project. The additional sales tax exemption will support completion of the remaining retail component along Main Street.
Total costs of the project, including all phases, is estimated at $94 million.
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Additional sales tax exemptions to complete upgrades to ground-floor retail spaces, let me see there and I think this is very beautiful mixed-use complex. Onto thick columns are at the most prominent, look at its distance between opposite sides: Thanks.
I like it thank you