Want to own an 814-car parking ramp in downtown Buffalo? Here’s your chance.
The four-story ramp on lower Washington Street that is part of the One Seneca Tower complex will be auctioned on Thursday, March 3, at 2 p.m., as the final step in the foreclosure process for the 38-story office tower. The sale will be held in the foreclosure alcove of Erie County Hall, at 92 Franklin St., according to Peter Allen Weinmann, the court-appointed “referee” responsible for overseeing the foreclosure sale. Terms and conditions for the auction process have not yet been set.
The sale of the ramp, which is separate from the 460-space parking garage below the tower, will mark the conclusion of the tortuous legal process that began in December 2013, when the mortgage servicer representing the lienholders filed the first foreclosure papers to seize the building after the former owners had defaulted on the $91 million loan. The 853,000-square-foot tower itself was sold in October for $28 million, with the servicer taking title. Experts expect it to do the same with the ramp, to reunite the properties so it can resell them together.