Harman Patil (Editor)

Niagara Falls Redevelopment

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Type
  
Private

Founded
  
1997

Industry
  
Real Estate

Founder
  
Edward Cogan

Headquarters
  
1625 Buffalo Avenue, Niagara Falls, New York, United States

Area served
  
Niagara Falls, New York

Niagara Falls Redevelopment, LLC, commonly known as NFR is a private company based in Niagara Falls, New York. NFR currently owns 145 acres (0.59 km2) of land outside of downtown Niagara Falls and has been planning to develop it for years. In addition, NFR owns two other properties. Originally, NFR planned on casino development, but the development of the Seneca Niagara Casino & Hotel and the fact that gambling is prohibited in New York state have been factors in NFR's lack of progress since its founding in 1997

Contents

History

The company was founded by Edward Cogan, a developer from Toronto, in 1997. Initially, NFR proposed building a casino in the Falls Street section of Niagara Falls, which was then suffering severe economic woes. Cogan was the original owner of the company, but sold 50% interest to Howard Milstein, a prominent New York City developer.

In 2003, Howard Milstein bought Cogan's 50% share in the company, becoming the sole owner, after Cogan ran into severe financial problems. Cogan died unexpectedly of a heart attack later that year. The company has not moved on any of its plans as of April, 2011.

Properties

  • 142 Acre site, an area stretching from John B. Daly Boulevard to Portage Road between Niagara Street and Buffalo Avenue in the 14303 ZIP code of Niagara Falls.
  • Former Nabisco site, the former Nabisco bakery, a 202,000-square-foot (18,800 m2) commercial building and a 172,000-square-foot (16,000 m2) distribution center located on 11 acres (45,000 m2) of prime real estate in the 1000 block of Buffalo Avenue in the 14303 ZIP code.
  • The Turtle, a round building built in the shape of a turtle located on Old Main Street, formerly the Native American Center for the Living Arts.

    • References

    Niagara Falls Redevelopment Wikipedia
    (Text) CC BY-SA