PLATTSBURGH — The Development Corp. has broken ground on the sole remaining parcel at Air Industrial Park in the Town of Plattsburgh.
Work started this week on site preparation for a 20,351-square-foot building just west of V. Fraas on Gus Lapham Drive, with completion expected sometime in December.
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Development Corp. President and CEO Paul Grasso Jr. said space between 10,000 and 20,000 square feet seems to be the most popular at this time as companies try to reduce inventory and rely on just-in-time logistics.
The corporation’s future success, he said, will be based on not just occupancy rates but also the need to have space available for companies to locate or expand.
“We need to have some inventory (of available space), but the right inventory,” Grasso said.
The final facility is being built on speculation, as were several others in the park.
‘THE RIGHT MIX’
Joanne Knowlton, director of marketing, said some might not realize how many companies are located in the park, which sits on 26 acres along Route 3 and Military Turnpike in the Town of Plattsburgh.
Presently, 18 industrial buildings — a dozen of them owned by The Development Corp. — are home to 22 companies.
The Development Corp. Economic Developer Erin Hynes said they have been successful in attracting the right mix of businesses and understanding their supply chain needs.
They have also helped a number of businesses with equipment acquisitions and development of new contracts. The aim is to serve as a one-stop shop for businesses in the park, she said, from start-up or relocation there.
“We’ve created a business community within an industrial park,” Hynes said.
The firms within The Development Corp. family have the ability to connect with each other.
“You’re not on your own when you’re here,” Grasso said.