"Our commitment to Long Island extends from one end to the other and signifies a deep respect and appreciation for the community," noted Gregg Rechler
, managing partner of Rechler Equity
Partners. "We are privileged to carry on the legacy of excellence on Long Island commercial real estate that was first established by our grandfather."
The commercial real estate firm, which is the largest owner and operator of commercial properties on Long Island, recently started development of the Hampton Business District
. Located in Westhampton Beach, the commercial, medical and technology project will meet the necessities of both small and large businesses.
With convenient access to Sunrise Highway, the space will total over 440,000 square feet with nine buildings which combine traditional materials with modern forms. Office space ranging from 1,333 square feet up to 100,000 square feet will be available as well as a Class-A business center that will offer over 39,000 square feet of multifunctional space for a restaurant, state-of-the-art health club and/or a banking institution. The area also includes a planned 145-room hotel.
"The Rechler family has been involved in the real estate development business for three generations, having first pioneered industrial park development," said Mitchell Rechler
, also managing partner. "We are uniquely qualified to draw upon more than 55 years of vision, knowledge and resources, all of which have merged seamlessly in the development of the Hamptons Business District."
The first phase of the project at 220 Roger's Way will include a 60,000-square-foot industrial building. This will be followed by 215 Roger's Way and 205 Roger's Way, two state-of-the-art office and medical buildings that will total 60,000 square feet upon completion. Businesses locating there may be eligible for favorable tax benefits.
For more information on Rechler Equity Partners visit www.rechlerequity.com.
Nicole is the Editor-in-Chief of Hamptons.com where she focuses on lifestyle, nightlife, and mixology. She grew up in the Hamptons and currently resides in Water Mill. www.hamptons.com