A land shuffle is in the works at Buffalo Lakeside Commerce Park in South Buffalo.
Savarino Cos. is swapping its exclusive rights to four contiguous parcels totaling a dozen acres for one large parcel that is a little smaller but further along in brownfield cleanup.
That way, the Buffalo-based developer can advance its plan to create its own business park within the larger complex, including a 45,000-square-foot retail sales, service and warehouse facility for an as-yet unnamed tenant.
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Under a resolution approved Tuesday by the Buffalo Urban Development Corp. – owner of Lakeside Commerce Park, Savarino will get the next six to nine months to negotiate an agreement with the agency to buy the 9.45-acre property at 193 Ship Canal.
That’s in place of the 12.2 acres it had been planning to acquire at 80, 134, 158 and 200 Ship Canal, under an identical previous exclusivity arrangement from August 2022. That allowed Savarino to conduct due diligence, study the soil and begin conversations with proposed tenants.
The developer planned to use five acres for the unnamed tenant, while reserving seven acres for a mix of build-to-suit light manufacturing, flex office, warehouse and distribution purposes.
At the time, it would have filled up the last remaining land in the park that BUDC carved out and created from the 275-acre former Hanna Furnace Steel Mill property. Buffalo Lakeside now hosts major…
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