<< Back to Current Projects

Project Name

R&M Leasing/Pierce Arrow Business Park

Address

155 Chandler Street
Buffalo
New York
14207

Project Details

155 Chandler Street is the site of the former Linde Air Manufacturing complex originally constructed in the early 1900's.  The facility has been vacant for the past 14 years.

 

The building, once redeveloped, will serve as an incubator for Start Up NY companies and provide low cost/clean space at below market rents.  The facility is 80,000 sq. ft. and initially will be leased to 4 tenants:   

 

ENRG has been in the R&D stage for the last 10 years and has gone through a first round of funding raising $2.5M.  They will begin production of gas permeable ceramic material.

 

Utilant, a software developer for national and international companies.

 

Blackbird Cidery is a Lockport based company that is expanding its operation into Buffalo.

 

Thin Man Brewery is less than a year old brewery.  They will be producing canned beer and

 distributing it throughout New York State.

 

In addition, 2 apartments are planned for the development which will allow the company  to

 utilize the City's 485-a real estate tax exemption program.

 

The entire facility is in the Start Up NY program, therefore all improvements undertaken by

 the tenants will be exempt from sales taxes through that program.  IDA sales tax benefits

 will apply only to the core and shell of the building.

  

Status Details

 3/22/2017 - $10,591,000 Lease/Leaseback Inducement Resolution passed by ECIDA Board of Directors