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  #21  
Old Posted Sep 6, 2006, 5:39 PM
westcoastperspective westcoastperspective is offline
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BURA expected to OK Artvoice deal

Business First of Buffalo

After almost three years of negotiations, it appears that Artvoice is poised to move into downtown Buffalo's Theatre District.

Jamie Moses, Artvoice publisher, through his JM LLC partnership, has crafted a new deal with the Buffalo Urban Renewal Agency that revives his plans to move the business into a portion of the Glenny Building at 667 Main St.

Artvoice, the weekly arts and commentary publication, is currently located in leased space at 810 Main St.

For the past three years, Moses has been working with city officials on taking over 10,000-square-feet of the center and rear portions of the Glenny Building, leaving the front section as a local youth hostel.

Moses said he hopes to have the space renovated and be in the Glenny Building by early spring.
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  #22  
Old Posted Sep 6, 2006, 8:05 PM
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Originally Posted by westcoastperspective
BURA expected to OK Artvoice deal

Business First of Buffalo

After almost three years of negotiations, it appears that Artvoice is poised to move into downtown Buffalo's Theatre District.

Jamie Moses, Artvoice publisher, through his JM LLC partnership, has crafted a new deal with the Buffalo Urban Renewal Agency that revives his plans to move the business into a portion of the Glenny Building at 667 Main St.

Artvoice, the weekly arts and commentary publication, is currently located in leased space at 810 Main St.

For the past three years, Moses has been working with city officials on taking over 10,000-square-feet of the center and rear portions of the Glenny Building, leaving the front section as a local youth hostel.

Moses said he hopes to have the space renovated and be in the Glenny Building by early spring.
Now why the hell did this take 3 years. GEEZOPETES!
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  #23  
Old Posted Sep 6, 2006, 9:20 PM
westcoastperspective westcoastperspective is offline
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Originally Posted by Halovet
Now why the hell did this take 3 years. GEEZOPETES!
The explanation was in the part I deleted. But three years is awfully long, I'm surprised they didn't walk
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Because of the shift from a single-user to a multi-tenant scenario and because of state and federal restrictions tied into the youth hostel's original financing package and utility packages, a special lease-sale arrangement has been crafted.

Under the terms to be presented to the BURA directors during a Sept. 7 meeting, JM LLC will lease the Glenny Building space, paying $9,780 annually and at the end of the 10-year deal, buy the square footage for $1.

The BURA directors are expected to approve the deal.

JM LLC is also seeking a $500,000 loan from the Buffalo Economic Renaissance Corp. to finance the deal. The BERC officials are also expected to approve that deal later this month.
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  #24  
Old Posted Sep 7, 2006, 2:00 AM
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so is the search function crapped out on this forum too or is it just my computer?
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  #25  
Old Posted Sep 9, 2006, 3:29 AM
westcoastperspective westcoastperspective is offline
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News: Dulski bidder wins at $6.1 million, Zepto gets city-owed 878 Main for expansion (below), and AM&As finally sells to the NYC developer planning retail, office and residential. Not a bad week!

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  #26  
Old Posted Sep 10, 2006, 2:06 PM
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Old 'Courtyard Mall' site to be renovated

$5.5 million project will put offices, stores apartments on adjacent Main Street properties

By SHARON LINSTEDT
News Staff Reporter
9/10/2006


A pair of long-vacant buildings on the west 400-block of Main Street are coming back to life as an office/residential/retail complex.
Buffalo developers Carl Paladino and Frank McGuire have embarked on a $5.5 million overhaul of the idle Courtyard Mall, at 460 Main St., and the former Baker Shoes building next door at 450 Main St. Phase One of the project is focusing on the 73,000-square-foot Courtyard Mall building and will create two floors of office space and a small first floor retail space, with basement-level parking for 56 vehicles.

The Main and Pearl street facades of the structures will be redone in red brick to match original brick on the Baker building.

Paladino, who has owned the Courtyard Mall since 1995, said market conditions are finally right for the conversion.

"It is a very difficult location on Main Street in a downtown that has been a tough sell," Paladino said. "We're now at a point where market conditions have improved and we're figured out the right tenant mix."

A key driver in the redevelopment is the New York State Department of Parole, which will lease all the office space on the first floor. The parole division has signed a 10-year lease and will move its operations from the Donovan State Office Building by the end of the year. Empty since the late 1980s, the Courtyard Mall building has long been considered an eyesore in the heart of downtown. The longtime home of Neisners department store, its last anchor tenant was a branch of the now-defunct Permanent Savings Bank, along with a lower level food court, game room and some small retail shops.

Paladino acquired the building for $370,000 in mid-1995 from the Federal Deposit Insurance Corp., which took control of the property in 1990 when Permanent Savings was gobbled up by Key Bank.

But even before the bank's acquisition, the Main Street site was eyed as a potential location for a huge office tower. In 1988, Corporex Cos. of Cleveland came to town proposing a 20-story office/retail complex. That plan went nowhere.

A Philadelphia developer was next in line with a flashy $55 million office tower that incorporated retail shops facing Main Street and several floors of interior parking.

After that proposal fizzled, a number of more esoteric uses were proposed, including a downtown outlet mall. The University at Buffalo Urban Design Group weighed in with an unsuccessful blueprint to convert it to a combination farmer's market, grocery store, day-care center and furniture design gallery.

Buffalo Place Executive Director Michael Schmand said he's heartened to see activity at the long-dormant address. In recent days the building's circa 1970's stucco facade and Courtyard Mall sign have been removed, revealing the old Neisners discount store nameplate.

"The multiuse plan they're working from will fit in well with all the good things that are happening downtown. The mix of office and residential is exactly what the city's Queen City Hub development blueprint called for," Schmand said.

Schmand acknowledged that he's heard some concern about locating the parole office on Main Street, bringing convicted criminals to the business district for required meetings with their parole officers. But the Buffalo Place executive said he's confident the state and the developer will provide adequate security.

"The bottom line is that this is everybody's downtown and these are people who have served their time and repaid their debt to society," Schmand said. "It would be a shame to concentrate on that aspect and let it overshadow the bigger impact of having a key Main Street site brought back to life."

In the second phase of the project, the Baker Shoe building will be redone as upscale, loft-style apartments, similar to Paladino's conversion of the former L.L. Berger department store to the Bellasara apartments in the next block of Main Street.

"We're going to be able to do some really cool things with these because of how the building is situated," Paladino said, noting the building's unusual design that features a one-story structure with a false second floor facing Main Street and an eight-story tower at the rear.

A few of the units will be jumbo, 4,000-square-foot apartments, while a typical dwelling will be approximately 1,200-square-feet, renting for around $1,100 a month. Like the Bellasara, the units will feature open floor plans with up-market kitchen and baths and lots of exposed brick.

A single unit is also planned for the rear of the Courtyard Mall building, overlooking Pearl Street, as part of the residential phase of the project. Build-out of the Baker Shoes site is slated to begin next spring.

http://buffalonews.com/editorial/20060910/1062478.asp
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  #27  
Old Posted Sep 10, 2006, 2:36 PM
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Quote:
Originally Posted by westcoastperspective
News: Dulski bidder wins at $6.1 million, Zepto gets city-owed 878 Main for expansion (below), and AM&As finally sells to the NYC developer planning retail, office and residential. Not a bad week!

878 Main has to much historic value to just sit dormant. Zepto is doing something great here.
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  #28  
Old Posted Sep 10, 2006, 5:14 PM
westcoastperspective westcoastperspective is offline
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I still shutter to think what Paladino is planning for the facade of Courtyard and Bakers- rec brick facade? Brick like a Rite Aid? And why two phases- get Baker Shoes and the loft project started already. Wonder what other potential tenants will think of a parole office being there?
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  #29  
Old Posted Sep 10, 2006, 5:23 PM
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Any news on the Issa Tower?
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  #30  
Old Posted Sep 11, 2006, 7:58 AM
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Any news on the Issa Tower?
Quote:
Originally Posted by STERNyc
Any news on the Issa Tower?
This could be a: "Those who know, won't say, and those who say really don't know things. Nevertheless, and this is just an Old Man's hunch, give it about 6 weeks to 2 months. The "few weeks" statement was probably hyperbolae. Perhaps the longer they take, the better the design we will be. Let's just wait and see.
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  #31  
Old Posted Sep 11, 2006, 6:43 PM
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Quote:
Originally Posted by westcoastperspective
I still shutter to think what Paladino is planning for the facade of Courtyard and Bakers- rec brick facade? Brick like a Rite Aid? And why two phases- get Baker Shoes and the loft project started already. Wonder what other potential tenants will think of a parole office being there?
I'm also questioning the decision to put a parole office in there. It will be luxury apartments in the historic Main St entertainment / theatre district... it just seems like a parole office will detract from all of that "destination" appeal.
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  #32  
Old Posted Sep 11, 2006, 8:48 PM
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Uniland is taking high rise view pictures from a balloon at the Gates Circle site to market its new highrise condos.
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  #33  
Old Posted Sep 12, 2006, 8:35 AM
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Uniland is taking high rise view pictures from a balloon at the Gates Circle site to market its new highrise condos.
be nice to see that view.
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  #34  
Old Posted Sep 13, 2006, 3:43 AM
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Hey Steel, any word on Issa?
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  #35  
Old Posted Sep 13, 2006, 1:14 PM
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Issa who? Uniland/Acquest have a similar mix planned for the Dulski:

http://www.buffalorising.com/city/ar...nces_for_1.php

Who can move quicker, and is there a market for both?
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  #36  
Old Posted Sep 13, 2006, 3:07 PM
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^ I'd like to see the Dulski replaced with something greater, but a facelift/update to make the building more sleek and appealing along with the renovation may do wonders too. A nice blue-ish glass facade with something interesting atop the structure would seem fitting. I'm interested to see what happens with it. It would be nice to see some infill or new buildings in that area of downtown eventually too.
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  #37  
Old Posted Sep 13, 2006, 4:20 PM
westcoastperspective westcoastperspective is offline
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I can't imagine them keeping the facade, would they? Might as well strip it off and start over. Clear glass seems to be all the rage...and add balconies.

How about this?



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  #38  
Old Posted Sep 13, 2006, 5:53 PM
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The palm trees would be a definate draw
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  #39  
Old Posted Sep 13, 2006, 8:55 PM
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Dulski on the Riviera?!?!
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  #40  
Old Posted Sep 14, 2006, 12:23 AM
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speaking of the Dulski project, after it came up i tooled around a little with a picture in PS and did some of my own renovation & facelifting...

unfortunately i didn't have any of my own pictures on hand so i had to fish for one.

anyways, enjoy.

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