NEW YORK, June 13 /PRNewswire/ — The revitalization of Brooklyn took a local turn as a Brooklyn businessman broke new ground on a major development project in Brownsville. Gilbert Rivera, founder of Park Avenue Building and Roofing Supplies, LLC and AM&G Waterproofing LLC launched construction Friday on an $11 million, 132,000 sq. ft. facility which will bring 50 new jobs to the community. The facility will serve as the headquarters for the two family-owned businesses, with a large retail home center for the community.
The new facility on Atlantic Avenue and Saratoga Avenue, will include supply yards for building materials, offices, a state-of-the-art store, and parking. The project is being funded by Banco Popular. The City has also supported the project, with IDA (NYC Industrial Development Agency) providing sales and real estate tax benefits worth $5.8 million over 25 years.