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The project entails the adaptive re-use of a former medical office building located at 1275 Delaware Avenue in the City of Buffalo. The 50,000 sq. ft. building has been vacant or underutilized for over 3 years.
The project involves converting the medical office building into a mixed use structure containing approximately 10,000 sq. ft. of commercial space and 33 residential units.
The new residential units will consist of twenty-two (22) one-bedroom units and eleven (11) two-bedroom units.
Approximately 9,000 sq. ft. of ground floor and garden level space will be dedicated to commercial uses for a professional services or a back office user. Approximately 1,000 sq. ft. of ground floor space will be dedicated to a food service component adjacent to the lobby in the original diner/café space.
The project site is within close proximity to the ongoing Gates Circle redevelopment which will ultimately contain a mix of market rate as well as affordable units and commercial uses.
03/25/2020 - $12,460,993 Lease/Leaseback Inducment Resolution passed by the ECIDA Board of Directors