Jonathan Bevilacqua knows his real estate world revolves largely along Transit Road in Amherst and Clarence.
“It is nice to have that presence along Transit Road,” said Bevilacqua, Bevilacqua Development L.P. managing partner.
Bevilacqua estimates that 90% of the 600,000 square feet in his company portfolio is in Amherst and Clarence, much of it centered around Transit Road. In a stretch starting near Klein Road and heading north towards North French Road, Bevilacqua may be the most prominent commercial developer. The company does have properties in Orchard Park, Dunkirk and Lockport.
And his portfolio is about to get larger.
Bevilacqua is negotiating to purchase a CVS Pharmacy retail property at Transit and Casey roads in Amherst for $3 million and then expand the property for a 12,000-square-foot retail center and a 4,500-square-foot retail center. In all, Bevilacqua may spend $5.4 million to buy the land and build. The project is more than 50% pre-leased before the first shovel of dirt is turned. Those tenants include the region’s first School of Rock, Feature Meals & Eatery and Kaylena Marie’s Bakery.
The developer is also looking at a 36-acre parcel at Transit and Miles roads in Clarence to build a complex of single-family homes, apartments, office space and retail.
“We wouldn’t be doing these if we didn’t feel there was a demand for it,” Bevilacqua said. “I’m fielding more calls than I have space.”
He said his focus is to fill his buildings with local, homegrown tenants that primarily need 5,000 square feet or less. His typical tenant leases about 2,000 square feet.
“It works for me because I’m a developer and not just a cash investor when it comes to real estate,” Bevilacqua said. “I’d like to think our portfolio is unique in that regard, especially with the type of tenants we go after.”
For example, in Orchard Park, Bevilacqua took the former 15,879-square-foot Carolina Furniture store at 3144 Orchard Park Road and spent $2.4 million retrofitting it for local retailers Pita Gourmet, Tom’s Pro Bikes and Buffalo Trim.
Bevilacqua said his company portfolio is composed of apartments and retail at 40% each and office at 20%.
“I find it is a sound strategy to be diverse,” Bevilacqua said. “The nature of most of our buildings is to be mixed-use and inherently diverse. To focus solely on any one thing will get you in trouble.” https://www.bizjournals.com/buffalo/news/2021/04/19/developer-goes-up-and-down-transit-road.html
Bevilacqua Development is proposing to construct a pair of mixed-use multitenant commercial buildings that would fill out a retail plaza at the southwest corner of Casey and Transit roads in Amherst.
The 5.65-acre plaza property at9290-9300 Transit is divided into three parcels. It already has a 15,470-square-foot Aldi grocery store and a 13,321-square-foot CVS Pharmacy taking up two of the pieces. But there’s still a long grass field behind both stores, totaling 1.72 acres.
Aldi – which owns the entire property – has agreed to sell that rear portion and the CVS property to Bevilacqua for $3 million, divesting itself of 3.5 acres while keeping its own store.
“It’s rare when you get to acquire a generational quality asset like CVS,” said Jonathan Bevilacqua, owner and managing member of his firm. “It’s a signal intersection with a heavily trafficked area, with room for additional development.”
Under plans by architects at Lauer-Manguso and engineers at Carmina Wood Morris PC, the developer is proposing to construct two single-story buildings – a 4,500-square-foot building at the north end toward Casey, with a proposed outdoor patio area for 24 seats, and a 12,000-square-foot building at the southern end.
Bevilaqua said he has signed two leases so far. Kaylena Marie’s Bakery will open its second location in 2,400 square feet of the smaller building. The bakery already operates in another Bevilacqua-owned property in Orchard Park. And School of Rock, a franchise, will occupy 3,000 square feet at one end of the larger building.
If approved, Bevilacqua hopes to start the $1.6 million project as soon as possible, and finish the building shells by October.
This is the latest project in that part of Amherst for Bevilacqua, which previously built out the 45,000-square-foot Transit Meadows office and retail complex at Transit and Clarence Center roads, and also purchased 36 acres at Transit and Miles roads.
The Amherst Planning Board will evaluate the proposal on April 15.
East Amherst, NY Bevilacqua Development L.P. is now in the final stages of its new development, the Transit Meadows, located on Transit Rd. The project cost was not disclosed.
The site totals 45,000 s/f of office and retail space spread over three 10,000 s/f buildings and two 7,500 s/f buildings. With the landscaping, masonry façade, and 400 parking spaces, Bevilacqua has built a tenant roll and 74% occupancy before completion.
The project is located on Transit Rd. at the signaled intersection of Clarence Center Rd., near the border of Clarence.
This project is comprised of a mix of professional office space, as well as retail space geared toward health and wellness, such as a gym, chiropractor, day spa, and salon.
Concept plans for the vacant land at Transit and Miles roads will be submitted in the coming weeks to the Town of Clarence for Bevilacqua’s mixed-use, residential-anchored proposed development.
Almost one year after acquiring a 36-acre parcel along Transit Road, Bevilacqua Development L.P. has fine-tuned its plans for the property.
Jonathan Bevilacqua, development company CEO, said the multi-phased plan will be steeped in residential options.
Bevilacqua’s Lymstone Lofts in Williamsville and University Place in Amherst both have commercial, restaurant and retail street level tenants and market rate apartments on their respective upper floors.
That same development pattern is proposed for the Transit Road complex.
A trio of projects — all geared for retailers, restaurants or offices — are planned along Transit Road, while five buildings will be set further back. The five buildings may either be three or four stories and collectively have anywhere from 80 to 100 apartments. Later phases will focus on the development of as many as 20 single-family homes.
The still-to-be named project is just north of another Bevilacqua project along the Clarence side of Transit Road. That project, Transit Meadows, is nearing its complete build out.
Carmina Wood & Morris has been retained to help Bevilacqua with the engineering work. Bevilacqua said he hopes to start the project next spring.
By Stephen T. Watson | Published 10:51 a.m. September 26, 2018
Bevilacqua Development plans to construct residential and retail space on 36 acres of vacant land the company bought this week along Transit Road in Clarence.
CEO Jonathan Bevilacqua said the company doesn’t yet have a concept plan for the property, on Transit just north of Miles Road. But he said they expect to hammer out the design for a mixed-use development within the next two months and to submit a site plan to Clarence officials within six months.
Bevilacqua Development paid $760,000 to buy the vacant parcel from D3 Transit LLC, according to public records. Bevilacqua said the property was attractive because of its 720 feet of frontage on Transit, an amount that is difficult to assemble, and because of its proximity to the company’s other parcels in Clarence and East Amherst.
By Stephen T. Watson | Published April 13, 2018 | Updated April 13, 2018
A gym that features boxing workouts is punching its way into the Main Street business district in Amherst.
Level Red Boxing, founded in Erie, Pa., is opening a new location in the Lymstone Lofts mixed-use building at 5933 Main St., straddling the Amherst-Williamsville boundary line across from Williamsville South High School.
Level Red Boxing, which also has a location in Pittsburgh, offers “boxing-inspired group fitness” through workouts that also include kettle bell strength exercises and core conditioning, according to its website. The workouts cater to everyone from beginners to gym rats, the company said.
A relocated Domino’s Pizza plans to move into a new retail building with a drive-thru on Transit Road across from Transit Valley Country Club.
Crews broke ground a month ago on the 8,500-square-foot, single-story building at 6031 Transit Road, the site of the former Buggy Wash car wash, said Bevilacqua Development CEO Jonathan Bevilacqua. The building shell should be finished in May and it should be ready for occupancy this summer.
Domino’s is moving there from 5855 Transit Road. In addition, Pita Gourmet is opening its third area location and Divine Nail Spa is opening a second salon there.
Bevilacqua also has finished work on two of five buildings in a planned office complex at 6041 Transit. TenEleven Group software company moved to 6047 Transit two months ago, and Transit Meadow Pediatrics will move from 6477 Transit to 6049 Transit on Feb. 12.
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