55 Motor Avenue, Farmingdale, NY

  • 30-Acre site purchased in in 1981; subsequently listed as a superfund site
  • Investigation and remediation began in 1991 and continued into the next decade. Ownership oversaw a $60M+ cleanup, of which 95% was funded by a combination of federal government and other private parties
  • Between 2003 and 2010, 21 acres condemned by the town to build a park
  • In 2008 ownership negotiated for a special use permit from Town of Oyster Bay to enable Stop & Shop to ground lease the land and operate a supermarket on the remaining 9-acre parcel
  • Stop & Shop executed a 20-year ground lease