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NY approves $3.5 million in grants for two Buffalo loft buildings

State officials on Wednesday approved two economic development grants totaling $3.5 million for a pair of Buffalo redevelopment projects.

The state’s Public Authority Control Board, made up of the governor and legislative appointees, approved a $2 million Better Buffalo Fund grant, through Empire State Development Corp., for CB Emmanuel Realty’s Lofts at University Heights Project.

The $16 million project involves renovation of the three-story 72,435-square-foot former Buffalo School 63 into 47 mixed-income rental apartments, aimed at working-class tenants. It includes a mixture of one- and two-bedroom loft-style apartments, and is expected to open in late 2017.

The board also okayed $1.5 million for developer Jake Schneider’s Turner Brothers Lofts at 295 Niagara St. The $11.1 million project, which is completed, entailed conversion of two vacant former warehouses into a 60,000-square-foot mixed-use facility with 40 apartments and first-floor retail space for Ru’s Pierogi, a startup gourmet pierogi maker. There’s also a gated 47-space parking lot.

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