Isaac Toussie Signals Signs of Economic Recovery in Long Island with Luxury Home Plans
Luxury Houses from Isaac Toussie enter final stages of planning as debates over the sustainability of
Long Island's economic rebound continue.
NEW YORK, NY, December 20, 2013 /24-7PressRelease/ -- Isaac Toussie's plans for luxury developments in Long Island are lending added strength to an improbable economic rebound in the region. His plans for upscale subdivisions in South Hampton and East Hampton are drawing attention as indicators of a sustainable recovery for what some consider a moribund Long Island economy. Isaac Toussie is also nearing completion of a nearly 200 acre commercial development in Suffolk County.
As the luxury home development plans enter final stages of discussion, a broader debate on the underlying strength of economic gains in Nassau and Suffolk counties continues. Long Island has shown the fastest economic growth of any region in New York State, according to data from the Department of Labor in a May 16th, 2013 article in the Wall Street Journal. This positive data includes a 2.9% increase of private sector employment in recent months, which also tops all metro areas in the state.
The construction, engineering and architectural jobs that accompany the proposal from Isaac Toussie are being applauded for added boosts to employment. The Long Island Builder's Institute noted the importance of this multiplier effect to the local economy, as reported by the Long Island Business News in a July 2013 article.
These gains are thought to help revitalize Long Island in spite of several factors noted by doubters of the area's renaissance. High taxes, an aging population and declines in manufacturing are cited as among the challenges that Long Island faces, according to a May 16th Wall Street Journal article.
Additional doubts include noting that much of the job growth in Long Island has been low wage and unskilled labor. Many scoffers feel such employment may not give the needed boost to sustain Long Island's recovery. The relatively high paying and skilled personnel needed for the East Hampton and South Hampton projects would be in contrast to this notion.
The South Hampton development would comprise four 3-4 acre lots in affluent Sag Harbor just passed its final hearings. These properties will include luxury homes of up to 5,000 square feet along with a pool and tennis courts. Expertise for the proposal has been gleaned from Cramer Consulting, Sotherby's International Real Estate.
The proposed subdivision in East Hampton is for seven 3 acre lots and has been submitted for preliminary approval. Waldbridge Surveyors is helping represent the project through the approval process.
Isaac Toussie is following his intra-state model that customizes division of labor to local conditions. In the instance of the Hampton project, he will partner with a luxury home builder while his team develops the land acreage.
For more information about land development from Isaac Toussie, please visit: https://www.facebook.com/IsaacRToussie
To read the Wall Street Journal about the Long Island economy, please visit: http://online.wsj.com/article/SB10001424127887324082604578487262418389512.html
Brittany Deatherage PR Manager New York City, New York USA Voice: 1-800-516-3202 E-Mail:Email us Here
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