Posted by: Bob Dumas
PAWLING, N.Y. – A senior housing project in the town of Pawling has received a half-million dollar grant from the Regional Economic Development Council (REDC) to help with the construction of the project’s infrastructure.
The project, known as Castagna Commerce Park, is a planned mixed-use, multi-phased development that will consist of medical offices, retail stores, senior housing, and assisted living facilities. It is estimated to break ground in the summer or fall of 2014.
Pawling is the hometown of state Sen. Greg Ball (R, C, I – Patterson), who helped procure the grant.
“This project is long, long overdue and the affordable senior housing for local seniors is needed immediately,” Ball said. “I am happy to team up with all of Pawling’s stakeholders and elected officials and the Pawling Chamber of Commerce to help make this project a reality, and bring much needed economic development and good paying jobs to my hometown.”
Ball said this is the second $500,000 he’s helped secure for this project
The first phase of Castagna Commerce Park will include 80 senior housing rental units and 67,000 square feet of medical offices. Phase II, planned for a 2015 start, will include an additional 100 senior housing townhomes. Phase III will include additional medical offices and Phase IV is planned to include 220 additional senior housing units and 200,000 square feet of retail and hotel space.
“The Castagna Commerce Park addresses several needs of the community; senior housing, increased tax revenue, and jobs,” said Pawling Town Supervisor David Kelly.
Peter Cris, president of the Pawling Chamber of Commerce, said his organization was excited about the grant, agreeing that the Castagna project will result in job growth and tax revenue of Pawling.
“This is a great model for economic development that will benefit Pawling, Dutchess County and the entire region,” he said.
Ball said the project would create 1.823 construction jobs, 898 permanent jobs, and cumulative tax revenue of over $5 million over the five years of development.
The funds secured for the project come from a total $59.6 million that the Mid-Hudson REDC was awarded this year. Over the past three years, the Mid-Hudson REDC delivered $219.4 million for over 100 job-creation and community-development projects in the Hudson Valley.
John Gutleber, president and CEO Castagna Realty, thanked Ball for his efforts in securing the grant.
“We look forward to working with the senator, the Pawling community, and all of Pawling’s municipalities and their boards in the additional phases of the Castagna Wellness Center to create jobs, taxes, and sustainable economic development over the next few years,” he said.