Pegula plan for Perry Street building needs one more approval - The Buffalo News

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Pegula plan for Perry Street building needs one more approval

Terry and Kim Pegula's plans to convert a former industrial building at 79-83 Perry St. into a mixed-use building with retail and office space has one more procedural step next week before it can proceed.

The city Planning Board on Monday will consider the Pegulas' request to consolidate its properties under a single address for the project, in which the owners of the Buffalo Bills and Buffalo Sabres plan to renovate the five-story former Hi-Temp Fabrication and Peerless Mill Supply Co. building. The overall property includes both the Perry Street address and 55 Illinois St., and the "minor subdivision" approval would combine them.

Overall plans call for the 81,075-square-foot building to be anchored by the North American headquarters for Labatt USA, which will occupy 15,000 square feet of office space on the second floor, and the planned John Labatt House restaurant and test brewery, which will take up 20,500 square feet on the ground floor. The third and fourth floors will also be office space, possibly as headquarters for Pegula Sports & Entertainment, the family's umbrella company for its various businesses. The fifth would be apartments.

The Pegulas bought the property in February for $7 million, and the redevelopment is expected to cost more than $13 million.

Pegulas plan to move headquarters to Perry Street

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