Frontier Group of Companies, a Buffalo-based industrial developer and demolition company, has acquired 1,100 acres of land and industrial buildings in Weirton, W.Va., that it plans to redevelop.
Frontier did not say how much it paid for the land from ArcelorMittal, which operates an adjacent steel plant. The site also includes a mechanical shop and related structures, other plant buildings, a blast furnace and an ore yard area, as well as rail sidings and barge loading and unloading areas.
Originally rooted in demolition as Frontier Industrial Corp., the company has evolved into development, with a portfolio of industrial, energy, mixed-use, commercial and even residential projects throughout North and South America, including leading the redevelopment of the Mingo Junction Steel Works site in nearby Ohio.
In Buffalo, Frontier owns the Seneca Street Lofts at 550 Seneca St. and co-owns both the Hydraulic Lofts at 500 Seneca and the Buffalo River Lofts on Ohio Street with Savarino Companies. It's also worked with TM Montante Development on the former Millard Fillmore Gates Circle Hospital site.
“We believe the Weirton facility, like other industrial sites we have redeveloped, has tremendous attributes and potential,” said David P. Franjoine, Frontier president. “Now that we have completed our acquisition in Weirton, we will immediately get to work on identifying what future development and re-use possibilities exist.”
The property had been under contract since 2015, after the steelmaker decided to sell the former heavy industrial site with a goal of finding a buyer that could put it "into a more productive location that benefits the city and region," said ArcelorMittal CEO John Brett.