USA Niagara Development Corporation along with the City of Niagara Falls is issuing a request for proposals for redevelopment of a key site in downtown Niagara Falls, New York. It has the potential to be the first significant new build in the city in more than a decade and is expected to attract developer-interest for its location at the entrance to the Niagara Reservation. A hot air balloon ride occupied the site in recent years but is now a surface parking lot.
The site is located at 310 Rainbow Boulevard (the NW corner of the intersection at Old Falls Street), 300 feet from the entrance to Niagara Falls State Park, which enjoys roughly 8 million annual visitors. Totaling 0.88 acres, the site was recently acquired by the City in conjunction with a larger effort to develop a Niagara County Community College‐sponsored Culinary Institute in a portion of the former Rainbow Centre Mall. As part of that project, $8 million in upgrades will be made to an adjoining 1,600‐space, City‐owned parking ramp. Direct access to the ramp is available from the subject site, via an elevator lobby that fronts on Rainbow Boulevard.
The site also benefits from a number of investments along the recently‐restored Old Falls Street corridor, including $12 million in street improvements, the award‐winning Conference Center Niagara Falls, and the Seneca Niagara Casino complex.
Proposals are due December 2.
Get Connected: John Risio, USA Niagara Development Corp., 716.284.2556