WHITE PLAINS—The Westchester County IndustrialDevelopment Agency approved sales and mortgage taxexemptions for two new development projects on Thursday that willcost almost $52 million to complete.

The IDA approved a sales tax exemption of $380,780 and amortgage tax exemption of $299,000 for Valhalla, NY-basedGinsburg Development Companies for its$34.9-million Saw Mill Lofts in the Village ofHastings-on-Hudson. The development, to be built on a 7.45-acreparcel, will involve the construction of three rental apartmentbuildings. A total of 54 market rate apartment units will befeatured in two of the buildings, with the center buildingcontaining 12 affordable units. GDC will donate a two-acre park tothe village and will also build a 100-foot ramped bridge connectingthe waterfront property to the South County Trailway.

Bruce Lozito, community planner for GDC, saidthat the company expects to break ground on the project in thespring of 2015. The firm has secured final site plan approval forthe venture from Hastings-on-Hudson. The project is expected tocreate 100 construction jobs during its 18 months of construction.County officials note that the project was previously approved toreceive approximately $1,17 million from the County of Westchesterfor land acquisition and infrastructure work, which will counttoward the 750 affordable units required under the county's 2009housing settlement with the federal government.