Owner Proposes Pilgrim Village Redevelopment

Pilgrim Village Redevelopment

Mark Trammel, owner of the Pilgrim Village owner, is teaming with McGuire Development on a multi-phased effort to redevelop the circa-1980 townhouse community north of the Buffalo Niagara Medical Campus.

380 new apartments in four new buildings are planned and will replace 90 affordable townhome units on a nine-acre portion of the site. The new buildings are proposed to be be inter-generational, mixed-income, and mixed use. The 25 affordable apartments in the remaining three-acre portion would be rehabilitated and continued as family residences in the project’s last phase.

The f...

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Big Deal: Former Roxy’s Sold; Mixed-Use Rehab Planned

roxy's

The new owner of the former Roxy’s at 884 Main Street is planning to renovate the property for residential and commercial uses. The property was purchased by Ron Rubino Jr.’s Gemini Realty LLC for $490,000. The building had been listed with Hastings + Cohn Real Estate with a $500,000 asking price.

The three-story, circa 1883 brick mansion has 6,824 sq.ft. of space and is located in the Allentown Historic Preservation District at the edge of the Buffalo Niagara Medical Campus.

Rubino is planning two floors of office space and a third level with one or two loft apartments, according to Buffalo Business First.

[Buffalo Rising]

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Construction Watch: Roswell Park Clinical Science Center

Roswell Park Clinical Science Center

Steel is rising rapidly at Roswell Park Cancer Institute’s 142,000 sq. ft. Clinical Science Center. The new structure is adjacent to Roswell Park’s Main Hospital at the northwest corner of Carlton Street and Michigan Avenue in the burgeoning Buffalo Nagara Medical Campus. FXFOWLE architects of New York City are responsible for the design.

The $40 million, 11-story building will allocate space for an expanded chemo clinic and a patient education/survivorship center, which will help serve the growing needs of Roswell Park’s 31,000 annual patients and their families.

The first new construction at Roswell since 2007 is expected to be completed by Fall 2015.

See pictures and details of the construction through the link to Buffalo Rising.

[Buffalo Rising]

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PHH Mortgage parent ready to sell

phh-mortgage

A mortgage center in Western New York, which is the parent company of PHH Mortgage, has finally confirmed its intention to split or sell off its mortgage and auto fleeting leasing businesses.

According to February 11th fourth-quarter earnings release of PHH Corp., it has retained Kirkland & Ellis LLP, Centerview Partners LLC and J.P. Morgan Securities LLC to “assist in exploring ways to maximize shareholder value through the separation or sale of the company’s fleet business, mortgage business or both.”

The splitting o...

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Cold December a blip on Buffalo housing market

Buffalo Niagara housing market

The only downside to the Buffalo Niagara housing market in 2013 was the sales slump in the final month.

According to the report from Buffalo Niagara Association of Realtors, there was a decrease with the number of single-family homes sold in December which fell 2.5 percent to 790 compared with 798 for the same month in 2012.

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Big Ditch, AMS and North American Salt projects OK by ECIDA

ecida-logo

The Erie County Industrial Development Agency has approved a number of projects this year including the addition of a road salt operation, a call center relocation and more jobs to Elma, and the a creation of a downtown Buffalo microbrewery.

With an exceeding of $12.3 million of private-sector investment of the projects, this could result in more than 210 new jobs created.

The ECIDA board of directors approved the incentives this Wednesday morning with each package receiving unanimous support. Moreover, a “clawback” provision was passed by the agency, requiring accountability to recipients of incentive packages.

Check out the full details below to see the list of developments that moved forward during Wednesday’s meeting:

[Buffalo Business First]

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