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Business Expansions and Contractions - Long Island Region June 2014

Business Expansions and Openings

Contract Pharmacal Corp., one of Long Island's fastest-growing drugmakers, plans to double the size of a Hauppauge (Suffolk County) building that it bought in January to accommodate burgeoning demand for its over-the-counter drugs, vitamins and dietary supplements.  Since 2010, its payroll has grown to 925 from 450.  The additions to 145 Oser Ave. will create 50 jobs on top of the 60 planned when the building was purchased.

 

Two Hauppauge (Suffolk County)-based pharmaceutical companies, InvaGen Pharmaceuticals and AlphaMed Bottles Inc., will expand operations onto an 18-acre parcel of Islip Town-owned land in Central Islip.  InvaGen will invest nearly $18 million toward construction and equipment costs and will add an estimated 100 jobs, raising the company’s workforce from 400 to nearly 500 employees.  Meanwhile, AlphaMed Bottles, Inc., will shell out appoximately $8 million for the construction of a new 70,000-square-foot facility.  The business, which manufactures and distributes bottles to medical companies, plans to expand their workforce by 20.

 

The much-anticipated move of a biotechnology company from Florida to Suffolk County will take place at a different building in Melville, officials said.  Chief executive Mark Weinreb said 40 Marcus Dr. better suited BioRestorative Therapy Inc.'s need for office and laboratory space.  The company specializes in treatments for severe back pain, diabetes, obesity and skin problems, using human stem cells.  They hope to add 25 workers in the next two years, or nearly double the projection it gave the Suffolk County Industrial Development Agency in March.

 

Teq, a Huntington (Suffolk County)-based technology company, plans to hire 30 sales people within the next three months.  Teq specializes in professional development courses for teachers and school administrators and has provided robots to several schools for use with students.  The base salary is $40,000 per year but could grow to $140,000 depending on individual performance.

 

The Babylon Town Industrial Development Agency has offered a West Babylon (Suffolk County) company a tax incentive that will keep 85 jobs in the town.  Visual Citi Inc., which manufactures displays and signage for companies such as the clothing company Armani Exchange, is moving from a 43,000-square-foot space in West Babylon to a 142,000-square-foot space in Lindenhurst.  The company expects to add 20 employees over the next three years, he said.

 

New York State has awarded a $200,000 grant to J.M. Haley Corp., an East Farmingdale (Suffolk County) local manufacturer of ventilation ducts, so that it can double the size of its office and factory.  The small business has promised to add 50 jobs to its payroll of 65.

 

The Jobin Organization, which specializes in roofing, glazing and metal wall panels, has finally secured a new home in Hauppauge (Suffolk County) after its purchase of another building there fell through last fall.  Executives said the $3.5 million project will allow the company to bring in house the production of wall panels that is now done by suppliers in other states and Canada.  Jobin expects to add 10 people to its workforce of 50 within two years, they said. Records show that employees earn on average $92,967 per year.

 

Great Neck (Nassau County)-based Jobco Realty and Construction officially broke ground June 19 on the first building of its $50 million Glen Cove Piazza (Nassau County) mixed-use development.  Jobco has begun construction on a 4,500-square-foot, free-standing Panera Bread restaurant. It will soon be joined by 110 rental apartments over 25,000 square feet of retail space surrounding a sizeable public square.  Jobco President Michael Puntillo said the company expects to break ground on the rest of the project in September, and it should be completed within two years.  The piazza development will create 200 construction jobs and 50 permanent jobs, Puntillo said.  The piazza is a forerunner to the city’s long awaited $1 billion redevelopment along Glen Cove Creek called Garvies Point, the first phase of which will bring 488 rental apartments to the city’s waterfront.  RXR Realty CEO Scott Rechler, one of the mega-project’s development partners, said Wednesday that construction on the first phase at 53-acre Garvies Point will begin before the end of the year. A phase two will follow and add about 500 for-sale residences, a hotel, restaurants and other retail space.

 

Great Neck (Nassau County)-based Jobco Realty and Construction has started to sell townhouses at its 25-acre development in Central Islip (Suffolk County).  Jobco is currently building the first models of what will eventually become a 184-townhouse community, called Foxgate at Islip, with homes priced in the mid-$200,000 range.  The first model should be ready by Aug. 1.  The two-bedroom, two-bathroom residences will be joined by a clubhouse, swimming pool, fitness gym, walking trails and 2 acres of ponds.

 

Hauppauge (Suffolk County)-based Northwind Group broke ground Wednesday on its 148-residence senior living community in Bayport (Suffolk County).  Called Bayport Meadows, the 23-acre development will offer two- and three-bedroom townhouses for people 55 and over.  Northwind is currently building two other 55 and over condo projects: the 50-residence Eastport Meadows and the 43-residence Village Vistas in Port Jefferson (Nassau County).

 

Long Island-based Vitamin World opened a new flagship store at the Roosevelt Field mall (Nassau County) on June 21.  Discount retailer Costco opened a new 150,000-square-foot membership warehouse store in Riverhead (Suffolk County) on June 26.

 

Business Contractions and Closings

 

Stop & Shop will close a facility in New Hyde Park (Nassau County) used for its online grocery delivery service Peapod at the end of September and lay off 162 workers, according to a notice filed with the state.  A spokeswoman for Stop & Shop said the company will attempt to move a majority of the affected jobs to other Stop & Shop locations. The 162 jobs included delivery drivers and clerks.

 

The California clothing brand Juicy Couture, famous for its signature velour tracksuits with rhinestone and glitter designs, is closing all of its U.S. stores and has already shuttered its five locations on Long Island.  A company official said the five local stores are in East Hampton, the Tanger Outlets in Deer Park and Riverhead (Suffolk County), the Americana Manhasset and Roosevelt Field malls (Nassau County).

 

Crumbs Bake Shop Inc. says it is shuttering all its stores, a week after the struggling cupcake shop operator was delisted from the Nasdaq.  Crumbs operated three locations on Long Island. Those stores were in Greenvale, Huntington and Woodbury.  As of the end of last year, Crumbs listed about 165 full-time employees and about 655 part-time hourly employees working in its stores.

 

The Hempstead (Nassau County) school board laid off nearly 60 people, including 47 union members.  The trims included two administrators and 10 teaching assistants.  Elias Mestizo, president of the Hempstead Classroom Teachers Association, said the district sent layoff notices to 47 employees -- including 30 classroom teachers, mostly at the elementary level, 11 reading teachers, three attendance teachers and three guidance counselors.

 

 

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