Seavest Core Buffalo
Address
Additional
Approval Date : 03-25-2013
Total Cost : $100,000,000.00
Project Details
The emergence of the Buffalo Niagara Medical Center over the last nine years has resulted in several new public projects at the northern end of the campus such as Gates Vascular Institute and the recently announced relocation of the University of Buffalo School of Medicine and Biomedical Sciences to Main and High Street. With such a large public investment in the campus already occurring, private investment must support and augment overall development. This proposed development will be called Conventus (Latin for "a coming together" or union) named because of its planned physical connection to both the John R. Oishei Foundation Children's Hospital and the UB School of Medicine and Biomedical Sciences. The two major tenants, with Letters of Intent to locate are both 501 © 3 organizations: Kaleida Health (85,000 sq. ft.) and UBMD Physician's Groups (60,000 sq. ft.). Both provide services for an underserved patient base and for the indigent population in the region.
If either organization had opted to construct a building on its own, neither would be obligated to pay taxes.
Based on the "coming together" of Kaleida, UBMD, the University, John R. Oishei Children's Hospital , Gates Vascular Institute, Buffalo General Hospital as well as other concentrations of medical professionals, these facilities will provide research, teaching and practice in what is emerging as a unique and concentrated mass of prestigious institutions.
Project Files
Status Details
01/03/2013 Public hearing conducted. Transcript attached.
01/29/2013 City of Buffalo Planning adopts a Negative Declaration in accordance with SEQRA.
02/19/2013 Lease/Leaseback Inducement Resolution presented to Board of Directors. (Tabled) 03/25/2013 Lease/Leaseback Inducement Resolution presented to Board of Directors