Via Buffalo Business FirstBy James FinkThe prospect of cross-border development opportunities, coupled with a neighboring auto racing track, piqued the interest of Carl Paladino and his frequent investment partners to purchase a 358-acre Fort Erie parcel, whose anchor tenant is the historic Fort Erie Race Track.The deal, which was completed today, offers stability for the 117-year-old thoroughbred racing track, but also opens the door for a new wave of private sector-fueled ...
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Paladino and partners, buyers of Fort Erie Race Track, plan to keep it open
Via The Buffalo NewsBy Lisa KhouryCarl Paladino has purchased the Fort Erie Race Track, and he plans to keep the track open while developing the adjacent vacant property.The Buffalo developer, who closed on the deal Friday evening with business partners Bill Mosey and Joel Castle, said the group’s goals include developing the 200 acres that surround the racetrack and making the racetrack self-sustaining.“I think, overall, the development of the Fort Erie region, ...
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Ellicott Development buys Lutheran Church Home
Via Buffalo NewsEllicott Development Co. acquired the vacant Lutheran Church Home of Buffalo on the East Side earlier this week for $450,000, but is still evaluating its plans for redeveloping the property.Located at 217 and 227 East Delavan Ave., the 25,220-square-foot former assisted-living facility for the Niagara Lutheran Community was built in 1906, with renovations and additions in 1950 and again in 1995. The three-story brick structure, actually two buildings sitting on 2.24 ...
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Buffalo Christian Center to close; property sold to Ellicott
Via Buffalo Business FirstBy David BertolaAfter selling its building, creating a new foundation and spinning off its top programs, Buffalo Christian Center is closing.Last year, new Buffalo Christian Center leadership examined how its building at 512 Pearl Street could be leveraged to accomplish the organization’s mission of serving local at-risk youth through its myriad programs. In doing so, it was determined that the building would need more than $5 million in renovations. ...
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RealtyUSA crossing Delaware for new home for commercial unit
Via Buffalo Business FirstBy Jim FinkAn expansion plan by Lawley Insurance is prompting RealtyUSA to relocate its commercial real estate division in Buffalo.Next month, RealtyUSA’s commercial division will be moving from its longtime home in the Pleu Building at the corner of Delaware Avenue and Tupper Street to literally just across the street to another building at 344 Delaware Ave. Both buildings are owned by Ellicott Development Co.RealtyUSA had been a tenant in ...
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Construction Watch: 199 Scott Street
Via Buffalo RisingBy WC PerspectiveA controversial billboard on the west façade of 199 Scott Street has been removed as Ellicott Development Company’s substantial redevelopment project enters its final stages. An Ellicott Development representative says that windows will soon be added to the building where the billboard used to hang. The first commercial tenant has moved into the building’s office space and residential tenants will begin moving in next month.Built in 1920, ...
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Apartments planned for former school in Kenmore
Via Buffalo NewsBy Joseph PopiolkowskiA mostly vacant school in the heart of Kenmore would see new life as apartments and retail space under plans before the village Planning Board.The former George Washington Elementary School, 1 Delaware Road, would be redeveloped into 20 market-rate, one- and two-bedroom apartments, according to plans of Ellicott Development Co., which purchased the 51,000-square-foot building last year for $725,000. A single-story, 5,500-square-foot ...
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