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Business

Ciminelli Real Estate Corp. formally kicked off construction on its new West End townhouse project in the Waterfront Village on Thursday – in the middle of a steady rainstorm, following a deluge the night before. The previous day had been warm and sunny, while the forecast for Friday was also clear. But CEO Paul Ciminelli had good reasons for his choice. "It’s kind o…

Business

Ciminelli Real Estate Corp. is making waves in eastern Massachusetts, with the first of what it says will be many purchases in the Boston marketplace. The Buffalo-based developer and property manager paid $6.5 million for a 61,177-square-foot office and laboratory building in Marlborough, Mass., just outside Boston. Located at 33 Locke Drive, the building is 95% leased,…

Buffalo

Ciminelli Real Estate Corp. will kick off construction on its new West End townhouse project in the Waterfront Village on Thursday, bringing 20 new for-sale residential units to one of the last remaining large parcels in that neighborhood. The Buffalo-based developer will start the first phase of work on the $20 million project, which was approved by the city in July 20…

Buffalo

Ciminelli Real Estate Corp. on Friday completed its $2.325 million purchase of a downtown parking lot between the Central Library and the bus terminal that is slated to become the site of a $50 million affordable housing building with a fresh-foods market and wholesale store. The Buffalo-based developer bought the 375-space parking lot at 201 Ellicott St., capping off a…

Buffalo

Residential tenants at The Mentholatum apartment building on Niagara Street will now have an extra way to keep fit. Developer and building owner Ciminelli Real Estate Corp. said Fitness360, a locally owned and operated fitness center, has leased 1,800 square feet of retail space in the converted former warehouse building, located at 1360 Niagara St. on Buffalo's West Si…

Buffalo

After four years of back-and-forth negotiation with neighbors and multiple revisions, Ciminelli Real Estate Corp. on Monday evening finally won city approval for its new West End townhomes at Waterfront Village. Despite vocal and organized opposition from residents in three of the existing Waterfront Village developments, the board unanimously backed the developer's $20…

Business

Paul Ciminelli is happy to be in downtown Buffalo, and even happier not to be in downtown Rochester. The owner of Ciminelli Real Estate Corp., which just moved its corporate headquarters from Amherst to Fountain Plaza a couple of weeks ago, said he and his employees are thrilled to be in the heart of the city. "Everyone loves it. People were a little skeptical, but w…

Buffalo

A pair of downstate affordable housing specialists have acquired two low-income senior housing complexes in Buffalo for more than $8 million from the holding company for the estate of Frank L. Ciminelli. RM & PSG Housing Development Fund Corp. and RM & PSG LLC on Monday paid $4.4 million for the Niagara River Basin Apartments at 24 Hertel Ave. and another $4 mil…

Ciminelli Real Estate Corp. next month will complete the previously announced move of its headquarters from its longtime offices in Amherst to Fountain Plaza in Buffalo. As of June 4, the firm will occupy 25,000 square feet on the fifth floor and half of the fourth floor of 50 Fountain Plaza, vacating the space at 350 Essjay Road in its Centerpointe Corporate Park. T…

Business

For more than 45 years, Dennis Penman has been a fixture in Buffalo's real estate community, primarily in housing development. The Western New York native focused his efforts on building up residential development projects, affordable housing and single-family homes in Buffalo and its suburbs, particularly through M.J. Peterson Corp. That's where he spent most of his mo…