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<< Back to Current Projects
Project Name
Walcot Apartments
Address
257 Elmwood Avenue
Buffalo
New York
14222
Application
Walcot Apartments App.pdf
Project Log
Walcot PL.pdf
Public Hearing Transcript
Walcot PH.pdf
Agent Agreement
Sinatra & Company (Walcot)-Agent Agreement_Redacted.pdf
1st Amendment to Agent Agreement
Sinatra and Company Walcot First Amendment to Agent Agreement.pdf
Inducement Resolution
Walcot Resolution.pdf
Economic Impact Analysis
Walcot Apartments CBA Report.pdf
Project Details
Sinatra and Company Real Estate was founded in 2010 and has its HQ in Buffalo, NY. With approx. 5,800 apartments and nearly 1 Mil commercial sq ft owned and managed in WNY, Upstate NY, Dallas, South Bend and Chicago regions, Sinatra and Company are one of the largest private owner-operators of apartments and commercial properties in WNY. Sinatra and Company Redevelopment, LLC (the applicant) is a subsidiary of this group.
The Walcot Apartments are an adaptive reuse & historic tax credit project within the Elmwood Village. This 12,500 sq ft mid-century modern building has been vacant for nearly a decade. With the rise in construction materials costs, labor shortages and various financial obstacles such as asbestos and structural issues, the project is seeking assistance to lower renovation costs. The project will create 12 one-bedroom apartments (ranging from 700 – 900 sq ft @ $1,022 - $1,850/mo). 10% (1) apartment will be offered at an affordable rate (80% AMI) and 11 apartments will be market rate. There will be approx. 500 sq ft of light commercial space on the 1
st
floor.
Status Details
08/23/2021 - Public hearing held. Transcript Attached
Type II Action – No SEQRA compliance required.
09/22/2021 - Lease/Leaseback Inducement Resolution presented to the Board of Directors