After several false starts, a 58-year-old airport hangar is being torn down to make way for an e-commerce warehousing park.
Ciminelli Development Co. has begun demolition of the 260,000-square-foot hangar where Curtiss-Wright used to make airplanes at 455 Cayuga Road. The airport property, adjacent to local cargo hubs for FedEx, UPS and the U.S. Postal Service, will become a warehouse and office park tailored to e-commerce fulfillment.
"We're already talking with several companies that are extremely interested because of this project's ability to provide them with the speed to market that is critical to today's commercial success," said Paul F. Ciminelli, president of the development company.
The company plans initially to build a 60,000-square-foot flex building and a 150,000-square-foot warehouse to market to prospective tenants. At least one additional building could be added later.
The Niagara Frontier Transportation Authority acquired the property more than 10 years ago and has been waiting for the right development opportunity, NFTA spokesman Doug Hartmeyer said.
Benderson Development Co. was originally designated as exclusive developer by the NFTA, but the deal fell through when talks with a prospective tenant dissolved.
Ciminelli has been negotiating with the NFTA for more than a year, and the project slowed last summer when Cheektowaga officials sought more details about the potential environment impact of the park.
The developer has a 40-year ground lease at $85,000 in the first year, $105,000 in years 2 through 5 and $105,000 plus 3 percent of the park's income in years 6 through 40, Hartmeyer said.