New Castle Airport operator Delaware River and Bay Authority representatives joined with local and county officials and business leaders to break ground on a new building at the Cape May Airport in New Jersey.
The building is designed to house light industrial and commercial businesses. This building will be the first structure built at the airport for the express purpose of commercial use since the Airport operation was assumed by the DRBA in 1999.
The new 15,000 square foot building is expected to be completed by the end of 2016 at a cost of $1.9 million.
“We’re excited to celebrate the start of construction on this important new building,” said James N. Hogan, vice chairman of the DRBA. “The Authority has a great working relationship with County officials and Lower Township leaders and everyone is focused on creating an environment conducive for businesses of all types to be successful. As evidenced by this project, our teamwork approach is producing results at Cape May Airport.”
Current plans for the building call for three finished units, two at 1,500 square feet each and one larger 3,000 square foot unit. The remaining building will be remain ‘core and shell’ and available for fit-out in 1,500 square foot increments.
“The project is the first significant effort toward economic growth at the Cape May County Airport in decades,” said Freeholder Director Gerald M. Thornton. “I commend the DRBA for their commitment and investment in Cape May County. I especially want to point to the efforts of Will Morey who has made economic development a driving force in his role as Cape May County Freeholder. Through his vision we will see an expanded partnership with the DRBA and more importantly more jobs for the residents of Cape May County.”
“We have a number of commercial business prospects who have expressed interest in leasing space when construction is completed,” added Victor Ferzetti, Chief Financial Officer for the DRBA. “We’re focused on filling these units as quickly as possible so we can begin construction on a second building.”
Since assuming operational control of Cape May Airport on June 8, 1999, the Delaware River and Bay Authority has made significant capital investments at general aviation facility. If business conditions warrant, the site plan envisions a second building nearby. The building site is located on the western end of Ranger Road in the airport’s industrial park near the DRBA equipment and operations facility.
