Hartz Mountain Industries, the new owner of the Melville property that includes the headquarters of the Newsday Media Group, doesn't expect construction to begin on new industrial buildings at the location before 2020, Hartz's president said Wednesday.
The real estate development company, which bought the property for $54.5 million earlier this year, plans to knock down the current facility and build 600,000-square-foot and 200,000-square-foot industrial buildings at 235 Pinelawn Rd., said Gus Milano, president of Secaucus, New Jersey-based Hartz.
"Those are the approximate sizes, but it could change a little, since we are working with the town," he said, after speaking at a Melville event hosted by CIBS, a commercial and industrial real estate brokers organization.
Milano said he expected Newsday to vacate the building in 2019.
"We have a good working relationship with Newsday," he said, adding that Hartz wasn't "rushing" Newsday into a move.
The property, including the 413,500-square-foot Newsday facility, is 48.3 acres.
Newsday, which is now printed by The New York Times in College Point, Queens, has said it will move from its rented headquarters in Melville to a more modern office on Long Island. The paper has said there are no plans to stop publishing a print edition of Newsday.