A six-story residential building on Pearl Street with condominiums featuring views of the downtown Theater District will be proposed next week by a Toronto developer.
"About 75 percent of the units will have windows on Theater Place and the Key Bank Plaza," developer Robert C. Benia said Friday. "It's an exciting design. It brings the city into the suites with lots of glass."
Benia, president of RCB Developments, said he has been working closely with city officials on the project. It is to be introduced Thursday to the Buffalo Urban Renewal Agency.
Mayor Griffin said the project should help the city meet its goal of attracting more people downtown.
"This will do a lot for the Theater District," the mayor said. "The key to downtown Buffalo is having people live there."
Benia said details of the Pearl Street building are being completed. The developer is considering a city request to include retail space on the first floor. The building would be at 432-448 Pearl St. north of Chippewa Street. The site is now a parking lot.
About 32 condominiums ranging in price from $59,000 to $120,000 are planned. Benia said the project's value is approximately $5 million depending on the final design.
In addition, Benia disclosed his firm has just purchased the former Holzman Drug building at Chippewa Street and Delaware Avenue for $400,000. He said plans are still being developed for the distinctive curved building.