The proposed project consists of the adaptive reuse of the existing facility which has been underutilized for many years.  The complex covers 6 different buildings constructed in 1890 and once housed the Buffalo Envelope Company.  The entire complex is approximately 114,000 sq. ft.

The Department of Environmental Conservation currently occupies approximately 28,000 sq. ft. of one of the buildings with another tenant utilizing approximately 5,000 sq. ft. as basement storage.

The project involves a full-scale renovation of 47,000 sq. ft. (non DEC space) which is currently vacant, portions of which are eligible for NYS and federal historic tax credits, which the developer is pursuing.  While the overall scope of the work is extensive, some of the key rehab costs will include asbestos abatement, masonry repair, exterior cleaning, the replacement of existing non-original windows with historically accurate units, updated code compliance measures including a new elevator and a new egress stair in the 6-story portion.  Updated fire suppression systems and new utility services will bring the complex into current code compliance.

Final uses will include office / back office and warehouse space along with the addition of 6 market-rate apartments.

Three 1,270 sq. ft. 1-BR apartments are planned to rent for approximately $1,250 per month and three 1,800 sq. ft. 3-BR apartments are planned to rent for approximately $2,400 per month.

· 05/29/2019 - Public hearing held.  

· 08/28/2019 - Inducement Resolution presented to Board of Directors adopting a Negative Declaration in accordance with SEQRA.

· 08//28/2019 - Lease/Leaseback Inducement Resolution presented to the Board of Directors.