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Jonathan D. Epstein

Jonathan Epstein is a business reporter at The Buffalo News, where he covers real estate and development. He formerly covered banking and insurance, and has worked at The Buffalo News since January 2004. He is a graduate of the University of Rochester and Columbia University Graduate School of Journalism, and is an upstate New York native.


Buffalo

The lender behind the Monarch 716 student-housing complex on Buffalo's West Side has started foreclosure proceedings against developer DHD Ventures of Rochester, seeking to seize the troubled property and even go after DHD's two principals personally. Acres Capital, which acts as an agent and adviser for three insurance companies, filed the first foreclosure paperwork T…

Buffalo

As work continues on the first phase of the new Highland Park Village in Buffalo, LPCiminelli is now poised to start the second phase of the project, pending city approval. The developer – owned by Louis Ciminelli – is planning to construct another 123 residential units just east of Holden Street, on the south side of part of the newly rebuilt Chalmers Avenue. It's work…

Buffalo

A Lancaster developer is planning to build six new three-story attached town houses on a vacant lot near Kleinhans Music Hall. Bill Severyn's Severyn Development wants to construct the 12,000-square foot project on a 0.18-acre parcel at 390 Jersey St., at the corner of 14th Street. Each of the town houses in the Residences at 14th Street would total 2,253 square feet in…

Buffalo

Imagine leaving your Buffalo apartment in the morning, going downstairs, grabbing a bite to eat and a coffee, and then getting right on a Metro Rail train to your job downtown – all without ever going outside. It could happen. The Niagara Frontier Transportation Authority wants to redevelop all its train stations in the city north of the Buffalo Niagara Medical Campu…

Buffalo

Buffalo officials plan to rehab and sell as many as 30 homes in the next 14 months through a new housing renovation plan developed in response to criticism over the high cost of home renovations under a previous program. The new program, which will be formally unveiled in coming weeks, involves a partnership between the city, the state, a nonprofit agency and M&T Ba…

Buffalo

Uniland Development Co. and its partners are ramping up their initial efforts to redevelop the intersection of Elmwood and Hertel avenues in North Buffalo, actively seeking a large retail tenant to anchor the project. The Amherst-based company, which acquired nine acres of land last year from the Deni family, is "having discussions with potential businesses there" to de…

Local News

If Visit Buffalo Niagara should need a new marketing slogan, or even just an alternative for use locally, Jon Williams might have an idea. Minutes after Williams' South Buffalo Development LLC received Buffalo Planning Board approval on May 7 for a $3 million sports complex on Elk Street, the developer was talking up the exciting opportunities in the industrial area nea…

Business

After nearly two years of construction, an enormous new independent senior-living complex that rose up from a sprawling meadow in Lancaster is finally preparing to open its doors to more than 150 residents. Natale Development is wrapping up the finishing touches on The Belvedere, the newest addition to the area's living options for seniors. The project is designed to ap…

Construction and Growth

Until recently, anyone looking at One Seneca Tower from outside could be excused for wondering just how much construction was actually happening. Crews had erected the steel frame of a pair of new retail buildings on the plaza level, and various pieces of equipment or vacuum tubes could occasionally be seen on the site. But there was little other visible evidence of pro…

Business

Howard Hanna Real Estate Services has acquired a Rochester-based commercial real estate brokerage firm, adding the 11-person business to the Hanna Commercial Real Estate operation. The Pittsburgh-based company, the nation's fourth-largest real estate firm, did not say how much it paid to acquire Ferrar Jerum International, which specializes in retail leasing and tenant …

Buffalo

A proposed athletic complex on Elk Street overcame vocal opposition from a corporate neighbor, winning its last formal city approval despite intense lobbying against it by a chemical company fearful of "soccer moms" and others complaining about odors. The Buffalo Planning Board gave its assent to the $3 million project by Jon Williams' South Buffalo Development to creat…

Buffalo

Buffalo city officials say they are now finalizing real estate deals on more than a dozen sites as part of a host of redevelopment projects that will generate more than $8 million in sales value in the coming months. The city took possession of the properties at different times and for various reasons, including tax foreclosures and other seizures through the new land b…

Buffalo

It's been more than two years since Ciminelli Real Estate Corp. was selected in February 2016 as the designated developer for a vacant parking lot on Ellicott Street. The city-owned lot, sandwiched between the Buffalo & Erie County Public Library and the bus terminal, had been identified by the Brown administration as ideal for a project to bring more residential un…

Buffalo

A new gas station and convenience store could be coming to the corner of Main and Fairfield streets in Buffalo in the LeRoy area, on the site of a demolished gas station. A&F Property Holdings of West Seneca is seeking city approval to construct a one-story brick or concrete masonry facility on a 0.481-acre site at 2516 Main. The property owner, who does not yet hav…

Buffalo

Developer Douglas Jemal got the green light from the Buffalo Planning Board Monday to proceed with his modified plan for remaking the plaza level of One Seneca Tower. Board members approved a set of changes to Jemal's previously approved site plan that calls for a mixed-use blend of apartments, restaurants and retail space in the two five-story Annex buildings alongside…