Demand might start building for commercial rental property near the Tappan Zee Bridge as contractors involved in building the new $3.9 billion span lock up new lease agreements on both sides of the Hudson River.
Tappan Zee Constructors, the designated designer and builder of the replacement span for the existing bridge, is negotiating a lease for 160 N. Route 303 in West Nyack, a 4.5-acre site with a 40,000-square-foot building. An agreement is "pending," said Jim Damiani, senior broker for Rand Commercial Services of White Plains.
"They're looking at several properties of ours in Rockland," he said.
There is no news about what the builders will be using the West Nyack property for, but Damiani speculated that there could be several uses for spaces being leased.
"They need places to store components, assemble them and fabricate them," Damiani said. "They also need parking for vehicles and equipment."
Local residents are hoping that more deals become possible as business owners in Rockland County begin to get a sense of the builder's needs, according to Al Samuels, president and CEO of the Rockland Business Association. Last Thursday, top Tappan Zee Constructors executives made a presentation at an association luncheon that packed in more than 140 business owners, developers and suppliers, he said.
"Now they have to take a look and see what it is they can do in relation to what the needs are of Tappan Zee Constructors," Samuels said.
Although the "process has begun" for local companies to connect with the new bridge project, the initial opportunities are in leasing deals because "clearly there is space that is needed now and people in real estate have an initial opportunity," Samuels said.
The contractors building the new bridge also are shopping in Tarrytown. Although the village is not planning to lease property, Tappan Zee Constructors is speaking to various local landlords, said Tarrytown village administrator Mike Blau.
Reached for comment, Tappan Zee Constructors spokeswoman Carla Julian did not have more to say about the Rockland negotiations. As for Westchester County, she said the company is "in the process of signing a lease at a private property in Tarrytown, so I cannot comment on that until it is finalized."