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Hudson Valley Region, November 2018

FIRM EXPANSIONS AND CONTRACTIONS

Hudson Valley Region

November 2018

New York State Department of Labor
Division of Research and Statistics
120 Bloomingdale Road, Room 218
White Plains, NY 10605
914-997-8798

This briefing provides information on firm-specific hiring and layoff announcements in the Hudson Valley. The information in this report is derived from press releases, newspapers, business journals, newsletters and other public sources. It does not include all expansions and contractions in the region – only those for which public information has been obtained. An attempt is made to present only current information – events that have recently occurred or will occur in the near future.

BUSINESS EXPANSIONS FOR THE HUDSON VALLEY REGION

Dutchess County
Asahi Shuzo
, the Japanese brewer of Dassai brand sake, recently broke ground on the construction of its first sake brewery in the United States. The new brewery and tasting room will be built on the former Stop & Shop supermarket site on St. Andrews Road in Hyde Park and is scheduled to open in early 2020. Asahi Shuzo will invest more than $28 million in the brewery and create an estimated 32 jobs.

Orange County
Banta Hospitality
is seeking tax breaks for its $14.35 million hotel project in New Windsor. Banta plans to knock down the former Steak & Stein restaurant on Union Avenue to make way for a four-story, 93-room Holiday Inn Express. The hotel is the latest among several hotel projects that are at various stages of development across Orange County. Construction of the new hotel is scheduled to start in March 2019, with a January 2020 completion date. No job numbers were announced.

Yidel Realty Warehouse, a Monsey firm, is looking to build a 491,824sq. ft. warehouse and a 24,900sq. ft. office building at the proposed but never built Kikkerfrosch brewery in Goshen. Company official have stated that the project is expected to create 300 jobs. The project is still in its infancy and preliminary site plans and engineering studies have been submitted along with a storm-water pollution prevention plan.

Putnam County
Stop & Shop
plans to introduce a new brand concept at more than 400 locations in the Northeast. The first new look store in the Hudson Valley celebrated its grand-opening on November 9, 2018 in Mahopac. The 49,000 sq. ft. store reflects a more customer-centric strategy, based on convenience, as well as a wider selection of fresh, local food products and other selection of offerings from New York, such as craft beers. The store also features a gourmet cheese section, a hot bar and sushi section. The new Mahopac Stop & Shop, which features a new floor plan and new logo, created an estimated 115 new jobs.

Tops Markets, a supermarket chain based in Western New York, recently announced that it has emerged from Chapter 11 bankruptcy proceedings after completing financial restructuring. The grocery retailer has four stores in the region, including stores in Carmel, Lagrangeville, New Paltz, and Rhinebeck.

Rockland County
Aldi Supermarkets
, a German-based grocer that is expanding in the U.S., plans to open a new store at the former Pathmark location in the Rockland Center on Route 59 in Nanuet. Other tenants at the strip mall include TJ Maxx, Sierra Trading Post, Kirkland’s Home Décor, HomeGoods, AC Moore and Party City. Aldi has another location on Liberty Drive in Stony Point. No job numbers were announced.

Sullivan County
Nothing to report.

Ulster County
Health Quest
was granted approval by the Town Board, to convert the former Macy’s store at the Hudson Valley Mall in the Town of Ulster into a multi-discipline medical facility. The $20 million project will separate the former department store from the rest of the mall structure. Health Quest expects to use more than 80,000 sq. ft. of the 110,000 sq. ft. of space occupied by Macy’s before it closed in 2016. The new medical facility which is scheduled to open in 2019 will offer a wide range of specialty care such as radiology, physical therapy, oncology, an infusion center, cardiology and a breast center. An urgent care unit will also be part of the new complex. Health Quest expects to have 40 health care providers in the new facility and a total employment of 120 to 150 people.

Westchester County
CVS
is proposing to open a new store in Yonkers. The drug store chain is in contract to buy and demolish a used car lot on Riverdale Avenue, along with an adjacent property at 16 Culver Street, where the company plans to build a large drug store, with 51 off-street parking spaces. Before closing on the property, CVS is asking the City Council to change the zoning on the two properties that would allow general business and high-density apartments. The new drug store would not be open 24 hours, as are some other local CVS stores. No job numbers were announced.

ShopRite recently celebrated the grand-opening of its new store in the Cortland Crossing Shopping Center. The new store represents an expansion in the Town of Cortland for the grocer, which had a smaller store on Route 6 that closed with the opening of the new store. ShopRite is the anchor tenant for Cortland Crossing, a $65 million, 130,000 sq. ft. commercial retail center. No job numbers were announced.

Simon Development Cos. recently submitted its plans to convert an unused office building at 104 Corporate Park Drive in Harrison into a four-level pediatric ambulatory care facility for Montefiore Medical Center. Plans call for the Bronx-based developer to completely renovate the 118,000sq. ft. building and expand its first floor. Simone will outfit the building with urgent care space, lab facilities, an imaging suite with MRI, CT, radiology and other technology, behavioral health offices, maternal fetal medicine, sports medicine, and a children’s evaluation and rehabilitation center. Montefiore would then lease the property from Simone Development. Montefiore is also in discussion with White Plains Hospital to provide oncology services on the first floor of the building. No job numbers were announced.

Ward Capital Management, a Dobbs Ferry developer, is leading the effort to bring a 24-story, 225-room hotel to the downtown area of New Rochelle. The developer is teaming up with Wyndham Hotels Group, which will operate the property and brand it under the company’s TRYP hotel title aimed at avid travelers. Ward Capital was recently granted approval for a zoning amendment that would allow hotel use on the small block of property where the facility will be built. The plan calls for 150 standard hotel rooms and 75 extended-stay suites. It is estimated that the project will create 150 permanent jobs, in addition to generating more than $300,000 each year from the city’s 3 percent hotel occupancy room tax. If all goes as planned, construction is expected to start in the spring of 2019, with a possible opening between 2020 and 2021.

BUSINESS CONTRACTIONS FOR THE HUDSON VALLEY REGION

Dutchess County
Nothing to report.

Orange County
LSI Industries
, a Cincinnati-based designer, manufacturer and marketer of lighting, graphics and technology products for both indoor and outdoor applications, filed a WARN notice with the NYS Department of Labor on October 29, 2018, in anticipation of a mass layoff. The LED lighting manufacturer will shut down its manufacturing facility in New Windsor and lay off 136 employees. The layoffs will commence on January 29, 2019 and will be completed by June 30, 2019. The closing is part of the ongoing actions by LSI Industries to align its supply chain to more cost effectively serve the changing requirements of the lighting market. The workers at the facility at 500 Hudson Valley Avenue make indoor lighting products. The company said that production would be transferred to LSI’s facilities in Erlanger, Kentucky and Blue Ash, Ohio. The employees are represented by Local 363 of the International Brotherhood of Electrical Workers. Founded in 1976, LSI employs about 1,200 workers and operates eight facilities throughout the U.S.

Putnam County
Nothing to report.

Rockland County
Macy’s
recently announced plans to close its store at the Shops at Nanuet early next year. A clearance sale will begin in mid-January 2019 and run for approximately 8-12 weeks. The retailer has informed the store employees of the impending closure. Regular, non-seasonal employees who are unable to work at the company’s other locations will be eligible for severance and will receive help to look for another job.

Seeking to minimize rising costs, Nyack College recently announced plans to close its Rockland campus and shift all programs to its Manhattan campus as of the fall of 2019. This announcement is in line with trends in recent years, where several small religious colleges across the country have closed due to enrollment declines, rising operation costs and competition from larger public schools. The private four-year Christian college, with more than 2,500 students, has filed an application with the state to operate solely from its lower Manhattan location on Washington Street. Nyack College is affiliated with the Christian and Missionary Alliance, an evangelical denomination with about 2,000 churches. Its Rockland campus sits on a sprawling 125-acre property that includes dormitories, fields, a chapel, classrooms, a library, a performing arts facility and a fieldhouse. The school also has an extension site in San Juan, Puerto Rico. No changes have been announced for that location.

Sullivan County
Nothing to report.

Ulster County
Nothing to report.

Westchester County
Nothing to report.

STRIKES AND LABOR DISPUTES

Nothing to report.

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