Eagle Beverage Co. has signed a letter of intent with a developer agreeing to move from 25121 Route 3 in the town of Pamelia to a proposed 60,000-square-foot warehouse at the Jefferson County Corporate Park off outer Coffeen Street.
Planned by Michael E. Lundy, CEO of Lundy Development Corp., Carthage, the warehouse would be built in Lot 10 at the park if the town of Watertown approves the project in October. The climate-controlled warehouse and distribution center would have 30,000 square feet of storage space and 12 enclosed bays for beverage delivery and shipment.
About a month from now well be close to getting the shovel in the ground, said Mr. Lundy, whose company owns the lot. Preliminary studies have already been completed. The town Planning Board gave us a list of small things they want done, and I imagine were going to be good at the next town meeting.
Eagle Beverage plans to acquire a sale-leaseback agreement for the project from the Jefferson County Industrial Development Agency, which operates the park, but wont pursue a payment-in-lieu-of-taxes agreement, Mr. Lundy said. Calls to Eagle Beverage manager Dennis Dorsey Jr. were not returned Friday.
Lundy Developments plans for a second warehouse at Lot 11 also are brewing, Mr. Lundy said. Negotiations with an undisclosed distribution company seeking to move into a 100,000-square-foot proposed warehouse at the site are coming to a head. That 17.4-acre lot is owned by JCIDA, but Mr. Lundy has signed a two-year agreement to plan the project on the agencys behalf.
That company reportedly is interested in fast tracking the plan, sources familiar with the project said at a Watertown Local Development Corp. meeting last week. They said it likely would employ 20 workers.
But for that project to move forward, Mr. Lundy said, issues concerning federal wetlands on the property and inadequate space will need to be ironed out with the county Planning Board and JCIDA.
Originally, the plan for the 100,000-square-foot warehouse was spearheaded in 2008 by CFM Food Distributors, which established a contract with Lundy Development to design and build a distribution facility and office building at the park in phases. But that plan was scrapped in 2011 when CFM unexpectedly filed for bankruptcy and was taken over by Maines Paper & Food Service Inc., Conklin. Plans for the project were then deflated because Maines had no interest in expanding the company.