Just four months after issuing a call for proposals from developers to reuse a vacant parcel in its Fourth Ward, the City of Lackawanna has a winner.
City officials named an investor group with prior experience in the city as designated developer for the 2.1-acre property at 2019 Abbott Road, south of the intersection of North Drive.
The News’ Buffalo Next team covers the changing Buffalo Niagara economy. Get the news in your inbox 5 days a week.
North Fisher Properties, led by Lackawanna firefighter and real estate investor Jason Szpara, is proposing a two-phase project that will support small businesses while also adding more residential options to the developed neighborhood.
Plans call for two commercial warehouse and storage buildings for contractors, small firms and indoor car storage, followed by construction of a pair of three-unit townhome buildings.
“This newest project will be an ideal and modern complement to an existing mixed residential/commercial neighborhood along the bustling Abbott Road corridor,” said Lackawanna Mayor Annette Iafallo.
The primary focus will be on the commercial buildings. But these warehouses aren’t intended to store products, Szpara said. Rather, the buildings would feature multiple bays designed for contractors to use as workshops, to store equipment or supplies, or even to park a fancy car in the winter.
“We’re trying to cater to local businesses, guys that own their own companies but don’t have a spot to park their equipment,” said Szpara, 35.
That’s similar to the group’s…
Read the full article here
Leave a Reply