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Tenant in hand, developer breaks ground in Newburgh.

Having enrolled a lead tenant, the Donald E. Axinn Companies will begin development of a major mixed-use complex on a 10-acre site across from the Newburgh Mall in Newburgh, New York.

To be known as Newburgh Commons,the project will contain more than 100,000 square feet of retail and commercial space. The site fronts on Union Avenue at the intersection of Interstate 84 and the New York State Thruway in the heart of a key Orange County business district and within minutes of Stewart International Airport. The initial phase of the project, a 30,000 square-foot structure will house Auto Palace, a automobile "super market" and service center owned by the Right Aid Corp. which will occupy 17,625 square feet of space.

Details of the new venture were announced by Lennard Axinn, president of the development organization, who said that construction could begin as early as mid-spring with a late 1993 completion anticipated.

The area, which is about 45 minutes from New York City, has attracted such business organizations as Minolta, International Paper, Grand Union, Empire Blue Cross, Prudential, and GE which have established facilities in the county.
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Title Annotation:Donald E. Axinn Co. begins work on a new mall Newburgh, New York
Publication:Real Estate Weekly
Date:Apr 14, 1993
Previous Article:4 leases signed at 14 Wall St.
Next Article:Major tenant to stay on LI, state, county give incentives.

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