The latest one-month delay in Krog Corp.’s planned purchase and redevelopment of the Trico Products Corp. warehouse in downtown Buffalo stems from the firm’s need to first apply for tax breaks or other incentives from the Erie County Industrial Development Agency, according to a source familiar with the project.
The Orchard Park-based developer had hoped to be farther along in the process of obtaining assistance from the ECIDA, so that it could possibly get approval next month. Instead, it now expects to put in its initial application in July, but that still has to go to the ECIDA’s policy committee and then the full board, likely not before August, the source said.
The source did not say exactly what kind of benefits the Orchard Park-based developer is seeking for its reuse project.
Krog this week sought and received a one-month extension of its $35,000 purchase of the hulking complex at 817 Washington St. Plans call for a $50 million redevelopment, with a 138-room extended-stay hotel run by Hart Hotels, up to 150 apartments, parking, and an extension campus of the Buffalo Public Schools’ Emerson School of Hospitality.