Larkin District developer Howard A. Zemsky put another piece of his puzzle together last week, buying a Carroll Street property just east of his Larkin at Exchange Building.
Zemsky, through Larkin Development LLC, paid $35,000 on Wednesday to buy 764 Carroll St. through the city's "in rem" auction of properties seized in tax and related fee foreclosures. The property had been seized by the city Water Board and Sewer Authority.
Zemsky said the property includes "a house in poor condition on the site, that will likely come down." He said the "future use [is] to be determined."
Located south of Seneca Street and between Hydraulic and Lord streets, the parcel is part of what Zemsky has termed the Larkin District, which he has targeted for redevelopment as part of an effort to revive that part of the city known for its illustrious industrial history.
His major venture, the former Larkin Co. industrial warehouse that he converted into a highly successful commercial office building, is already fully leased, including the corporate headquarters of First Niagara Financial Group and several law firms.
Additional plans call for more residential and commercial development, including parkland, in the surrounding blocks on several streets. Zemsky also recently bought two properties on Seneca Street.