Cytec

Cytec

Niagara Falls, Ontario
A site with economic potential for the city of Niagara Falls, in need of the right developers for the project.

This 77-acre Brownfield Development in Niagara Falls had a long-standing history as a chemical manufacturing facility, leading to a variety of environmental challenges. Currently, remediation and servicing of the property is underway. This site has economic potential but was in need of the right developers for the project.

In order to assist in the remediation process, LANDx Developments has received approvals on behalf of the developer for $350,000 in Federation of Canadian Municipalities (FCM) grants for this project to date. We also manage the approvals of additional incentives in excess of $15,500,000 on behalf of the developer. LANDx Developments is currently in charge of managing contractors for environmental remediation, servicing design and installation, and Draft Plan of Subdivision Approval.

LANDx Developmentā€™s experience in project management and financing has allowed us to maximize the funding potential for this project. Rigorous research and due diligence have allowed us to visualize both profitability and feasibility. The development of these lands has been further facilitated through a partnership between the developer, the City of Niagara Falls, and Niagara Region for the extension of Thorold Stone Road. We have worked closely with municipal representatives to achieve mutually beneficial outcomes and overcome challenges related to environmental remediation, site engineering, site servicing, and Hydro One infrastructure.

The opportunity presented through this Brownfield Development is substantial. The opening of vacant employment land in close proximity to the downtown core has the power to significantly increase the economic potential for the City of Niagara Falls. Phase I of the extension of Thorold Stone Road is nearing completion, and planning is now underway for the second phase of extension activities. The Cytec site is an ideal location for redevelopment, especially considering recent news related to the potential expansion of regular GO train service to the Niagara Falls downtown. Our commitment to remediation and our development expertise will continue to assist in remediating a large brownfield property in an advantageous location while supporting the future development of employment lands to the benefit of the local Niagara Falls economy.

ON BEHALF OF
1939522 Ontario Limited

AT A GLANCE

  • Value: $118,000,000
  • Details: Employment use lands
  • Status: Remediation and planning approval stage

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