$18.4 million apartment complex in Lancaster to feature putting green, fitness center - The Buffalo News

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$18.4 million apartment complex in Lancaster to feature putting green, fitness center

An $18.4 million residential development in the Town of Lancaster for adults over age 55 is expected to be complete by spring, said Robert Corrao, director of development at Natale Development.

The Belvedere, at 375 Harris Hill Road, will feature 146 apartments, eight townhomes and amenities that include a putting green, indoor golf simulator, extensive walking trails and a billiard room with a pub, Corrao said.

The project is under construction on 10 acres of a 32-acre parcel of property owned and developed by Natale Development CEO Angelo Natale, Corrao and Frank Parisi.

The apartment rents for one- and two-bedroom units will run from $1,100 to $2,000. Square footage ranges from 750 to 920 feet and from 1,000 to 1,500 feet, respectively.

The eight townhomes average 1,600 square feet and will rent for $1,800 to $2,000.

The development's buildings will have a partial stone and stucco façade with interior features including a library, hobby room and fitness center. It also will offer an in-ground pool, clubhouse, greenhouse and community gardens. Plans call for the addition of a pickleball court, said Corrao.

Construction began in winter 2015, Corrao said. The project, approved by the Lancaster Industrial Development Agency in March 2016, was granted an exemption from mortgage tax and from sales tax on the purchase of interior construction materials.

Paul Leone, LIDA consultant, projected the sales tax savings for Natale Development at $840,625. The projected savings from the mortgage recording tax exemption is $184,000, said Leone.

Other projects from Natale include the 41-unit Crescendo Lofts at 1502 Niagara St. and Asher Crossing at 131 California Drive in Williamsville, which will feature 100 apartments and 30 townhouses.

 

 

 

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