NCIDA to review 3 projects worth $7.5M

NCIDA

The Niagara County Industrial Development Agency will review three projects, including an adaptive re-use of a former Village of Lewiston assisted living facility this week.

The agency’s directors are expected to review and likely to accept applications from the three respective projects on Wednesday. A full hearing and board vote on each will take place in June.

The three projects represent $7.5 million in private-sector investment collectively with 64 jobs created and another 150 retained.

The following will be taken into consideration, listed from Buffalo Business First:

A local development team, 765 Fairfield Place LLC, wants to turn a former Lewiston assisted living facility into a market-rate apartment complex with one-bedroom and two-bedroom units. The project carries a $3.875 million development price tag and could see as many as 28 temporary construction jobs created.

Reid Petroleum Corp. is proposing to invest $1.37 million for renovations to its corporate headquarters on W. Genesee Street in Lockport. The project includes some construction, site work as well as new equipment and renovations to existing space and its front facade. Officials said the project will create 12 jobs and retain another 65 workers.

Irr Supply Centers Inc. is planning a $2.25 million renovation of its Niagara Falls Boulevard headquarters in North Tonawanda. The project is expected to retain 86 employees and create another 24 jobs.

[Buffalo Business First]

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