Sentence:  At about the time the Marsden enterprise was getting under way , the Vail Light and Lumber Company started construction of a chair stock factory on the <WSD>site</WSD> of the present Bennington Co-operative Creamery , intending to use its surplus power for generating electricity . 
Meaning of the word marked with <WSD> tags:  the piece of land on which something is located (or is to be located)