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Parkview Apartments school conversion opens Thursday

The former Buffalo Public School 59 is now the Parkview Apartments.

Buffalo developer Rhonda A. Ricks and Florida-based developer Stuart Alexander have completed their $8 million conversion of the former city school at 769 Best St. into 26 affordable apartments, creating a new option for East Side residents. The building will officially open on July 13.

The historic school building, constructed in 1901, faces the Martin Luther King Jr. Park, and features one-, two- and three-bedroom units. The project includes six apartments for tenants with incomes at or below 30 percent of the area median income, 19 units for tenants at 50 percent of the median income and one apartment for tenants at or below 60 percent of the median income.

The project, which broke ground in March 2016, was funded with a $4.58 million construction loan from Citizens Bank, plus $1.1 million in city HOME funds and additional federal low-income housing tax credits.

Ricks' R+A+R Development, a minority-owned developer, and Alexander's SA+A Development, a longtime affordable housing specialist with roots in Buffalo, are also partnering to develop the new Forge on Broadway community on 13 acres of vacant land at 490 Broadway, where Buffalo Forge Manufacturing once stood.

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