TOWN OF NEWBURGH – The new developers of a 121-acre parcel along Route 300 in the Town of Newburgh applied to the Orange County Industrial Development Agency on Thursday for financial benefits to build the 700,000 square foot project.
Originally called The LOOP when another company planned on developing the land along Route 300, across from the existing Newburgh Mall, Ridge Hudson Valley LLC wants to build the mixed use facility.
“The project would mix retail, grocery, entertainment, restaurants, commercial office space and possibly lodging,” said IDA Chief Operating Officer Laurie Villasuso.
The project application lists the total cost at $161 million and creation of 800 jobs.
The developer is seeking exemptions on sales tax of building materials, on the mortgage filing fees and a 10-year payment in lieu of taxes (PILOT).