Manhattan-based Tana Seybert LLC, which offers commercial anddigital printing, advertising prepress services, and bindery andmailing services, plans to lease and renovate seven condominiumunits comprising about 140,000 sf at a cost of approximately $26.2million. The seven units will serve as one facility to house thecompany's operations that are currently located in two facilities.According to the IDA, the new site will be the largest graphic artscomplex in the metropolitan area and New York State based on salesand economic activity. The firm considered moving to New Jerseybecause of higher costs in Manhattan but will be able to stay inNew York with IDA assistance. Tana Seybert will receive a mortgagerecording tax waiver of $453,750 and approximately $8.3 million insales and real estate tax benefits. In addition, the company mayqualify for up to $417,700 in discounted energy from the BusinessIncentive Rate program and $345,200 from the city's Energy CostSavings Program.

The IDA Board agreed to provide Prompt Apparel Inc., adistributor of knitwear apparel in Brooklyn, with a mortgagerecording tax benefit of $33,000 and $930,418 in sales and realestate tax benefits. The company plans to acquire the ground leaseof 315,000 sf of city-owned property on Foster Avenue in Brooklyn.Prompt currently leases 115,000 sf in the building. After assumingthe ground lease, it will expand its occupancy to 188,000 sf andwill lease the remaining space to other industrial companies. Theproject is estimated to cost $7.5 million.

The Birch Wathen Lenox School, an independent K-12 school, plansto renovate its building on East 77th Street in Manhattan, addingabout 10,000 sf to its current 39,000 sf at a cost of approximately$16.3 million. The IDA Board agreed to provide the school with upto $15.8 million in civic facility bonds and a mortgage recordingtax waiver of $433,125 toward the renovation.