Modern Aviation broke ground on two new hangars in its most recent development project at Republic Airport in Farmingdale, NY.
A groundbreaking ceremony for the development project took place on the morning of November 15, 2023.
The project encompasses the construction of two hangars on Modern Aviation’s Breslau parcel at Republic Airport, totaling over 81,000 square foot including 71,200 square foot of hangar space and 10,100 square foot of office space.
The hangars will be equipped with 28-foot-high doors capable of accommodating today’s largest business jets.
The first hangar, equaling 35,100 square foot, is fully leased out on an exclusive basis to one customer and is expected to be completed in August 2024.
The second hangar, totaling 46,200 square foot, is comprised of two separate bays of (a) 20,000 square foot of hangar and 4,200 square foot of office which is fully leased out on an exclusive basis to one customer, and (b) 20,000 square foot of hangar and 2,000 square foot of office, which is still available as of today.
The second hangar is expected to be completed in November 2024. The development cost of both hangars is expected to exceed US$27 million.
Both hangars were designed with sustainability in mind. Some of the sustainable features included in the buildings are energy efficient/occupancy censored lighting and mechanical systems, building insulation that exceed code requirements, and the use of recycled materials.
Modern Aviation’s CEO Mark Carmen said, “We are very excited to begin the construction of our first hangars at Republic Airport since our acquisition last year. This project will vastly increase our presence on the field while also adding to the numerous advantages that Republic Airport offers to customers. We have capacity to develop more hangars at Republic and look forward to partnering with the airport authority and
NYSDOT to pursue these additional hangar development projects in the future.”