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NEW PROPOSAL TO BUY FAIRMOUNT PLAZA OFFERED

Less than two months after one plan to redevelop the Fairmount Plaza was scrapped there is a new proposal on the table.

The owner of the plaza, Sheldon Larson, president of RAE-SHEL Corp., confirmed Friday that another developer has signed an option to buy the property. National Realty of Purchase reportedly wants 25 acres of land, including the 19 acre plaza and a now-undeveloped parcel behind it.

Larson said the developer has not specified what would be in the new commercial development area, but plans call for keeping the current plaza intact with a new facility to be built on an elevated site behind the shopping center.

"That would require a zoning change behind the plaza," Town of Ellicott Supervisor Patrick Tyler said. "That space is now zoned residential. The developer has not brought anything before the Town Board yet, but it is obviously something we would consider."

The earlier plan, by Buffalo-based developer Robert Roller, was to tear down the existing building and make room for two new large stores. That proposal fell through when one of the national retail chains involved withdrew from the development.

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