Brown, Paladino Accounce $75M Waterfront Project

Paladino's $75M waterfront project planned

Carl Paladino has been eyeing land near the Erie Basin Marina for a $75 million project bearing the name“The Carlo”.  The project name is an homage to Paladino’s grandfather.  Mayor Brown delivered news of the project on Friday afternoon during his State of the City address.

The proposed project will include Class A office space, apartments, a 138-room hotel, a spa and of course, restaurants.  For the second year in a row, Mayor Brown has announced major projects in the downtown region during his State of the City address.

Last Tuesday, the Buffalo Sabres’ HarborCenter project was approved as well. The HarborCenter project represents an investment of $172 million. HarborCenter is said to have a 200-room service hotel with two hockey rinks as well as a parking ramp. This project aims to focus on creating a regional tourism destination for amateur hockey.

Both the Sabres and Paladino submitted development plans for the Webster Block.

“Out of the Webster Block process, we are getting two excellent projects,” as stated by Brown.

The two projects represent $250 million in private-sector investment for properties that were generating minimal revenue and no new jobs.

[Buffalo Business First]

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