County Approves Tax Breaks For Proposed Garden City Apartments

The Nassau County Industrial Development Agency approved tax incentives for a proposed Garden City apartment building on Monday, offering the developer tax incentives to build a 150-unit building.

“Nassau needs more rental housing – particularly at more affordable price points,” said County Executive Laura Curran. “I’m especially pleased by the IDA’s approval of the Southern Land Garden City project, which will include some much-needed affordable units, and I commend the developers’ commitment.”

The apartment complex, which will be located at 555 Stewart Ave., will replace a vacant lot adjacent to the Roosevelt Field Mall. The developer, SLC Development, LLC, has agreed to include 10 percent of the units as affordable housing, as well as two units of "workforce" housing.

Construction on the 150-unit building is expected to begin in early 2020 and take about two years. SLC Development said it expects to create 416 construction jobs.

“Expanding the county’s housing stock is a priority for the IDA particularly for transit-oriented development and affordable housing,” said IDA Chairman Richard Kessel. “These transactions recognize that housing is key to attracting great companies to the county.”