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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

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…

Buffalo

A plan by Nick Sinatra and William Paladino to redevelop the former Women & Children's Hospital of Buffalo site in the Elmwood Village took the first step in a monthslong municipal review Monday, as the Buffalo Planning Board agreed to take the lead in the full environmental review of the $100 million project. Developers are planning a multiyear conversion of the si…

Buffalo

With the pending move of both the Buffalo Police Department and Buffalo Fire Department headquarters to the former Dillon courthouse, city officials are now preparing to put the old police headquarters building up for sale. The city's Division of Development and Division of Real Estate are planning to seek proposals from buyers and developers nationwide for the aging fa…

Buffalo

Buffalo officials are preparing to unveil a new – and likely more lucrative – property tax exemption program for real estate projects that would give city officials more control over incentives that could be narrowly tailored to fit a development's needs. Details of the new program are still being finalized. But Brendan Mehaffy, executive director of the Office of St…

Ciminelli Real Estate Corp. next month will complete the previously announced move of its headquarters from its longtime offices in Amherst to Fountain Plaza in Buffalo. As of June 4, the firm will occupy 25,000 square feet on the fifth floor and half of the fourth floor of 50 Fountain Plaza, vacating the space at 350 Essjay Road in its Centerpointe Corporate Park. T…

Buffalo

The team behind the planned Elmwood Crossing redevelopment of the former Women & Children's Hospital of Buffalo property in the Elmwood Village is ready to launch the city's next evaluation of the $100 million project. Sinatra & Company Real Estate and Ellicott Development Co. have submitted requests to the city to divide the 10.5-acre property into smaller piec…

Buffalo

Douglas Jemal is again revising his reuse plan for the plaza level of One Seneca Tower, this time by removing proposed retail kiosks, expanding a new single-story structure on the east side of the tower, and replacing 33 apartments in an annex building with a food court and kitchen. The revision by Jemal's Douglas Development Corp. marks the second change in eight month…

Business

Charter Communications, the parent of local cable provider Spectrum Media, has just one week to prove to the Public Service Commission that it did not violate its agreement to expand broadband service in both New York City and upstate New York, or the state will collect a $1 million fine against the company. The PSC initially issued an "order to show cause" in March, in…

Buffalo

Chiropractor and developer Scott Croce – brother of the restaurateur and hospitality operator Mark Croce – has acquired a Delaware Avenue brownstone just north of downtown Buffalo from the law firm that has long called it home. Croce's Leostrong LLC paid $575,000 in April to buy the building at 475 Delaware from Pearl Block, whose managing officer is Alan R. Feuerstein,…

Buffalo

D'Youville College's former Chiropractic Health Center on Main Street has been acquired by the owners of Elbers Landscape Service, who plan to expand their operation across Huntington Avenue to take over part of the former college medical building. The Hornung family, through their Leroy Halbert Associates, paid $800,000 last week to buy the property at 2900 Main from t…

Buffalo

A Morgan Stanley financial adviser has acquired a three-story limestone mansion in the Elmwood Village that is currently set up as office space, but he and his wife may seek to convert it back into a home for themselves. Emir Culov of East Aurora, a senior vice president and portfolio management director in the Fountain Plaza office of the brokerage firm, paid $585,000 …

Buffalo

In yet another whopper of a restaurant deal, a Dallas-based real estate investment firm that specializes in restaurants has purchased a Burger King restaurant near the Peace Bridge, paying $1.2 million. U.S. Restaurant Properties, through Brand 601 Busti Ave., bought the fast-food establishment at 601 Busti and 200 Porter Ave. from the Pelissier Family Trust, based in H…