Three new downtown Buffalo redevelopment projects may get up to $1.7 million in low-interest loans from a nonprofit city-affiliated agency as part of efforts to stimulate adaptive reuse initiatives.
Krog Corp.’s Trico Building at 817 Washington St., Legacy Development’s Main Street Louis building at 810 Main and Paul Kolkmeyer’s The Glenny apartments at 251 Main would each receive loans, if they pass final underwriting reviews, after a committee of the Buffalo Urban Development Corp. backed the projects as consistent with the goals of the Buffalo Building Re-Use Project.
Orchard Park-based Krog is seeking $750,000 to support its $87.1 million reuse of the 617,000-square-foot former windshield-wiper factory and warehouse on the edge of the Buffalo Niagara Medical Campus. The ambitious project will create 70 studio, one-bedroom and two-bedroom apartments in 78,000 square feet of the upper floors of the 10-story complex, as well as a 114-room extended-stay hotel operated by Hart Hotels. It will also include 35,000 square feet of space for a local high-tech anchor tenant, 56,000 square feet of other commercial space and 12,000 square feet of retail and food or beverage space. There’s also a new home for an expansion of the city’s Emerson School of Hospitality, in 85,000 square feet, as well as an indoor parking ramp. In all, the redevelopment will take up 480,000 square feet.
Frank Chinnici’s Legacy Development is incorporating the four-story building at 810 Main into a larger $5.2 million project that will create 18 apartments, 18 indoor parking spaces and a building lobby near the Buffalo Niagara Medical Campus. The project includes the adaptive reuse of the largely vacant four-story building on Main into three residential apartments – one per floor – and first-floor retail space, demolition of an empty storage facility in the rear, and construction of a new 15-unit, four-story apartment building in its place. The project will include 17 covered parking spaces, 18 additional spaces on a separate parcel, basement storage for tenants and a rooftop deck. Legacy is seeking a loan for $435,000 for the first phase of the project.
Kolkmeyer’s Priam Enterprises wants $524,000 for its redevelopment of the former Stanton Building into The Glenny, with 36 residential loft apartments on the first five floors and 1,430 square feet of retail space on the ground floor. Priam will also have an 800-square-foot maintenance office on the basement level of the building at lower Main Street, near the One Seneca Tower. It’s one of a trio of buildings that he is renovating, along with the 14-story Marin at 237 Main that will include more high-end apartments and a banquet facility, and the Roblin at 241 Main, which will now have indoor parking in addition to office space.
A request for $341,000 for a fourth redevelopment project, the SelectOne headquarters at 760 Seneca St., was tabled by BUDC until August. SelectOne is seeking to renovate a three-story vacant brick building in Larkinville, using 8,000 square feet of space on the upper two floors for its headquarters while leasing the first floor to a professional services tenant. The $2.5 million project, managed by JTVaeth Construction, also includes a 32-space parking lot and a public art component on the building’s south side that will be installed by Albright-Knox Art Gallery.
BUDC has also issued a new request for proposals for consideration in the next round of loan allocations.