By James FinkBuffalo Business First ReporterBusiness FirstThe developers of the historic, but long-vacant Graystone Apartments in Buffalo received a financial boost to their plans to bring the building back to life.The Erie County Industrial Development Agency’s board of directors approved the incentive package sought by the 5182 Group LLC, an affiliate of Ellicott Development Co., that the company says helps make the $5.2 million project financially viable.The ...
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Amherst fast-tracks $15 million complex
By Sandra TanBUFFALO NEWS STAFF REPORTERA $15 million luxury apartment-hotel-retail project — the first of its kind in the region — was fast-tracked by the Amherst Town Board on Monday night. The 4.6-acre development will feature a 105-room Staybridge Suites hotel and two other buildings with first-floor retail and 42 luxury apartments.The development, dubbed "University Place," would be located just west of the University at Buffalo, between Sweet Home and Rensch roads, next ...
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Charter School Finds Home on Lafayette Avenue
A former hospital turned apartment building will have a new use later this summer: a school. West Buffalo Charter School (WBCS) has finally found a school site in the former Lafayette Hospital at 113 Lafayette Avenue, corner of Barton Street. WBCS is expecting to welcome its first students in the fall."We are so excited to have a building and begin preparing for our opening in August," says Andrea Todoro, School Leader.WBCS is leasing the entire building from Ellicott ...
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Construction Watch: Bellesara/Former Allentown Athletix
Allentown will soon have an additional eight residential units when Ellicott Development completes their conversion of the former Allentown Athletix building on Allen, near Delaware Avenue. The project will likely be wrapping up within the next two weeks with four loft style, one-bedroom units and four, two-bedroom units. Several of the units have already been leased.Each of the units vary in their layouts and orientation making for some interesting space. The four loft style units are ...
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Construction Watch: 14 North Street
Ellicott Development isn't wasting any time diving right into their latest residential conversion, 14 North Street. It was built as a Baptist Church in 1899 and retains much of its original architectural features, inside and out. The building will house eleven residential units, ranging from one to three bedrooms as well as a commercial space occupying about 1000 square feet. ...
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Amherst IDA gives lift to Paladino project
With the last two approvals secured, Ellicott Development Co. is poised to begin work within the next month on turning the Stereo Advantage property along Main Street into a mixed-use project anchored by a hotel and apartments.The Amherst Planning Board, on Jan. 19. signed off on an environmental review and the Amherst Industrial Development Agency , on Jan. 20, unanimously approved an incentive package that’s critical to financing the $22.74 million project.The actions clear ...
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Advantage Co., Ellicott spur Amherst developments
New development plans centering on the Stereo Advantage and its presence as retailing anchor in Williamsville are progressing on two fronts.First, representatives of the Stereo Advantage confirmed it will close its longtime location at Main Street and S. Forest Road on Jan. 27 and re-open the next day in the nearby Walker Center as the Stereo Advantage Business Center. The Walker Center has been developed by the owners of Stereo Advantage and its parent, the Advantage Co.The ...
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