Buffalo Business First
Bevilacqua Development is looking to expand its northern suburban real estate holdings by building a neighboring Transit Road office complex and small retail center.
Construction on both could start this year, beginning with the office complex.
Bevilacqua is putting together the pieces of a $9 million development on Transit Road in Clarence.
Both are slated for vacant parcels almost across from Transit Valley Country Club. Combined they represent a nearly $9 million privately-funded development.
The Amherst-based developer is working with Clarence officials on both projects. The office complex, dubbed Transit Meadows, has received all of its town approvals and clearances.
Once final pre-construction documents are completed by Bevilacqua’s architectural firm, Carmina Wood & Morris, crews will begin building the office complex.
“We’d like to be underway this month,” said Jonathan Bevilacqua, president and namesake of the development firm.
Plans call for five buildings to be developed, three with 10,000-square-feet and two with 7,500-square-feet. All are single-story buildings.
Bevilacqua said the primary tenant base will be medical related firms but he didn’t rule out other professional offices moving into Transit Meadows.
“There is definitely a demand,” Bevilacqua said.
Approximately 30 percent of the office space has been pre-leased, although Bevilacqua declined to identify the incoming tenants.
Bevilacqua said he expects the shell of the first buildings to be completed by later this year and should be move-in ready by early next year.
At the same time, Bevilacqua is working with Clarence officials on an adjoining 8,470-square-foot retail based building. That project is on the Clarence Planning Board’s agenda Wednesday night but any vote may be delayed until more information is compiled.
No tenants have been signed.
“This project is a little bit further down our road than the office buildings,” Bevilacqua said. “But, it will happen.”
Meanwhile work continues on the Lymstone Lofts, a $10 million residential-based, multi-use building Bevilacqua is developing on Main Street across from Williamsville South High School. That building should be completed by next year.