Jonathan D. Epstein
News Business Reporter
I've been a business reporter at The Buffalo News since 2004, now covering residential and commercial real estate and development amid WNY's resurgence. I'm an upstate native, proud to call Buffalo my home, and committed to covering it thoroughly.
The developer is proposing to erect the 250-foot-tall building on an L-shaped outdoor parking lot that wraps around the back of the hotel, at the corner of Lower Terrace and Charles Street.
The small motel will be revamped as an independent, "mid-century modern" lodging aimed at younger travelers and will be renamed the Route 62 Motel following a $300,000 rehab, said Larry Best, a certified hotel broker with Buffalo Hotel-Realty, who handled the transaction.
Jemal's approach retains and renovates the existing structures and streetscape instead of demolishing them.
Home prices have never been higher locally than they are now, and they're rising faster than at any point this century.
The opportunity to expand stems from Regal Cinemas reconfiguring its theaters, adding wider and more comfortable seats, but reducing seating capacity – and the demand for parking – in its wake, said Orchard Park Planning Board chairman Harold T. Fabinsky.
A key part of Lloyd's latest plan for a new Taco Factory – live music on the outdoor patio on Elmwood Avenue – may run afoul of longstanding city policies.
The 5,240-square-foot addition – which was approved by the Buffalo Planning Board this week after getting a zoning variance earlier – would extend the current 9,588-square-foot single-story William Street building back toward Chauncey Street.
"There’s been immense pressure for studio spaces around the United States," Kevin Murrett of Architectural Resources said. "Thus the owner’s willingness to advance the entire buildout at this point in time, but in a slightly different configuration."
Buffalo's "near" East Side – stretching from Main Street to Jefferson Avenue – is the beneficiary of the latest spurt of real estate redevelopment.
A little-known 30-year-old federal program that has pumped more than $100 million in funding into projects across Western New York is in limbo.