Ellicott Development is getting $225,000 in tax breaks for its $7.2 million project to renovate the the Buffalo Christian Center at 512 Pearl St. as part of a larger, $75 million project to build a new 12-story building on the same block.
Ellicott, owned by Carl and William Paladino, received sales and mortgage recording tax breaks from the Erie County Industrial Development Agency for its project to convert the 67,000-square-foot building at 512 Pearl into a mix of meeting and banquet space, along with offices, a fitness center and a combination lounge, cafe and bar.
The building currently is largely vacant, except for Road Less Traveled Productions, which plans to remain as a tenant in the renovated building.
The renovation is part of a larger project by Ellicott to build a 12-story, 300,000-square-foot tower on the site of a former 100-space parking lot next door. That tower will include six floors of parking for 380 vehicles, a three-story hotel, two floors of 28 apartments, 28,000 square feet of office space and 12,000 square feet of ground-floor retail.