The Buffalo and Erie County Industrial Land Growth Company Board of Administrators signed off on the sale of the practically 11 acre website Wednesday.
LACKAWANNA, N.Y. — Uniland Growth Firm will take possession of a second parcel on the previous Bethlehem Metal website in Lackawanna on the property now often called Renaissance Commerce Park.
The Buffalo and Erie County Industrial Land Growth Company (ILDC) signed off on the acquisition Wednesday.
Uniland plans to construct a second 170,000 sq. foot manufacturing/warehouse distribution constructing on the practically 11 acre website. The construction will probably be on the parcel adjoining to Uniland’s first spec constructing presently underneath building on the nook of Route 5 and Dona Avenue.
“Uniland’s continued funding in Renaissance Commerce Park is a mirrored image of the work executed by New York State, the Metropolis of Lackawanna, the ECIDA, ILDC and particularly the imaginative and prescient of Erie County Govt Mark Poloncarz,” highlighted Uniland CEO Michael J. Montante. “Now we have seen robust demand for our first manufacturing/warehouse constructing at 8 Dona Avenue which is scheduled to open in Summer season 2022, and this has given us additional confidence that RCP will proceed to be a vacation spot for future industrial customers in our area.”
The corporate expects to speculate over $20 million on the brand new growth. That is along with its funding of roughly $17 million for the Dona Avenue extension facility presently being constructed.
“Uniland’s second giant funding in Renaissance Commerce Park is an amazing vote of confidence within the collective progress we’re making to deliver new, sustainable financial exercise and employment alternatives to Lackawanna and Erie County,” stated Lackawanna Mayor Annette Iafallo.
The ILDC says negotiations are underway for the acquisition of 60 extra adjoining acres slated for Renaissance Commerce Park redevelopment. The brand new acreage will enable for extension of the Shoreline Path Bike Path alongside Route 5 southward to Woodlawn Seaside.