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Business

Alliance Homes, a 30-year-old custom homebuilder, has broken ground on the first phase of its newest residential development, with 20 homes planned for the Autumnwood neighborhood in Lancaster. Located off Bowen Road near William Street, the new residential area will offer lots ranging in size from a quarter-acre to just under one acre, while house designs include ranch…

Business

Don't expect the shortage of homes for sale to end anytime soon. And that means more bidding wars for attractive homes, and more upward pressure on home prices. That's the verdict of one of the nation's leading housing researchers, who blames the dearth in inventory on the inability of builders to put up new homes at prices that first-time homebuyers can afford. "…

Buffalo

With only three homes remaining up for sale in Colvin Estates, developer Marrano Homes is ready to start work on the next stage of a project that will build 74 new homes and more than double the size of Buffalo's newest housing neighborhood. But it also has to address some drainage problems that sent rats scurrying and caused flooding for neighbors on adjacent streets d…

Business

KeyBank has provided $12.1 million in financing for Elim Townhomes on Holden Street in Buffalo. The 2-acre property will feature 30 townhome units, available to households earning 50 percent of the area's median income. Key's financing consists of a $5.4 million construction loan and $6.7 million in 9 percent tax equity to Belmont Housing Resources for Western New Yo…

Buffalo

What keeps you from downtown Buffalo: the parking or the crime? So asked a local news station last month in a post hate-shared across many a Facebook timeline. Downtowners raged against suburban stodge. Suburbanites railed against car break-ins. The warring comments suggest a startling number of Western New Yorkers believe downtown to be a crime-ridden, car-packed waste…

Buffalo

Buffalo officials plan to rehab and sell as many as 30 homes in the next 14 months through a new housing renovation plan developed in response to criticism over the high cost of home renovations under a previous program. The new program, which will be formally unveiled in coming weeks, involves a partnership between the city, the state, a nonprofit agency and M&T Ba…

Local News

Owner Russell Salvatore Jr. wants to add eight townhouses with garages to The Abbey, his two-story project of upscale apartments and retail development on Transit Road that opened last year in Clarence. But because it would exceed a zoning restriction of six units on the property, the plan is expected to come under scrutiny when it is presented to the Clarence Town Boar…

Clarence

Riding trails, solar panels and geothermal heating would be some of the features of Legacy Woods, a 50-lot equestrian community of upscale single-family homes planned for Newhouse Road in Clarence. A public hearing on the project was set for 6:15 p.m. May 23 by the Clarence Town Board Wednesday. The property is owned by Dr. Greg Daniel, who lives next door in a geoth…

Clarence

Greg Daniel will appear before the Clarence Town Board on Wednesday to present his plan for an equestrian community and ask the board to set a public hearing. The subdivision of upscale single-family homes off Newhouse Road, dubbed "Legacy Woods," would include a horse farm and riding trails as the centerpiece. Daniel wants to locate the 59-acre subdivision next to h…

Erie County

David Stapleton has been working for many years on a plan to put 92 townhouses on 14 acres of wooded property next to Veterans Memorial Park in the City of Tonawanda. He got approval earlier this year to purchase the land from the city for $160,000. About 30 residents attended a public hearing Tuesday before the City Council on the rezoning for the proposed Riverwalk…

Erie County

With commercial property growing scarce in Clarence, the Town Board has adopted a new zoning code that increases the amount of retail space in a multi-family developments from 25 percent to 5o percent retail. Multi-family properties are not allowed in residential and rural areas. "The town is very limited on commercial property  and we don't want it to be developed w…

Local News

The next phase in construction on the 37-unit apartment complex in the former St. Paul's School in Kenmore will soon begin, Larry Bicz says. Abatement work will start by the end of the week and construction is expected to take five months. Parish Apartments should open in October or November, Bicz said. Historic tax credits were key to moving the $5 million projec…