BUFFALO, New York – Construction has started on a $7 million 5-story mixed-use building located in the heart of the Hertel Avenue Business District in North Buffalo, New York.
The new building will include retail space on the first floor, residential apartments on the upper floors and underground parking.
“The development of this new mixed-use building perfectly illustrates New York’s investment in Buffalo’s Hertel Avenue Business District and our commitment to spurring economic activity in the neighborhood,” New York Governor Andrew M. Cuomo said Friday. “By developing new housing and commercial space with easy access to public transportation, we are attracting new residents and businesses to the area, creating sustainable, long-term growth for the entire Western New York region.”
“Everyone deserves the security and dignity of a good home,” added Lieutenant Governor Kathy Hochul, who made Friday’s announcement. “This mixed-use affordable housing building in the heart of the Hertel Avenue Business District will provide apartment units at or below market rate for residents. The five-story building on a former brownfield continues our development efforts in the City of Buffalo, attracting more people to live and work and strengthening the economy of Western New York.”
The North Buffalo Organization, which initiates and implements projects that support, sustain and improve the community’s quality of life, received a $500,000 Better Buffalo Fund infill grant as part of the Buffalo Main Street Initiative to assist in the development of the 1585 Hertel mixed-use building, the site of a former gas station. The project is expected to leverage local private funds and will continue the revitalization of the Hertel Avenue Business District in North Buffalo.
The Buffalo Main Street Initiative was modeled on New York State Homes and Community Renewal’s New York Main Street program, which invests in the revitalization of main streets, downtowns and commercial districts throughout the State, and is part of the Better Buffalo Fund. The Better Buffalo Fund is a $30 million initiative dedicated to projects that encourage density and growth along transportation corridors and revitalize neighborhood commercial districts, encouraging alternative transportation and walkability. Through three rounds of the program, the Better Buffalo Fund has awarded more than $30 million to 47 projects. These projects are renovating more than 681 residential units and more than 345,000 square-feet of store front and commercial space, while also leveraging over $308 million in private investment in the City of Buffalo. Empire State Development and Homes and Community Renewal administer these funds.
John Daly, a managing principal and architect at Trautman Associates and principal of O’Dalaigh Real Estate LLC, and his wife, Ruthanne, will invest $7 million to convert the former brownfield at Hertel and Parkside avenues into a new residential building with 34 apartments, ranging in size from 500 to 1,055 square feet, plus the ground-level retail space and one level of underground parking. The apartments, priced at or below market rate, include one handicapped accessible unit, a partial green roof that can be enjoyed by tenants, bike storage and dog washing areas. The first floor is expected to include two restaurants and a boutique shop. The facade will still feature a mix of red brick, stone and metal. The project is expected to be completed in 2020.
“The transformation of a vacant gas station site into a vibrant mixed-use space in Hertel Avenue’s business district is just one example of how the Better Buffalo Fund is making targeted investments in order to revitalize strong neighborhood centers,” Empire State Development President, CEO & Commissioner Howard Zemsky said Friday.
Homes and Community Renewal Commissioner RuthAnne Visnauskas added, “Through the Buffalo Main Streets Initiative, New York State is investing in small business growth, housing development, and streetscape improvements that will increase the overall quality of life for residents and continue our efforts to strengthen Buffalo’s economy. By finding a new purpose for this former gas station, we are creating 34 new housing opportunities and reactivating North Buffalo’s Hertel Avenue business district. These targeted investments will further progress to ensure a brighter future for all in Buffalo.”
Michael Degnan, Ph.D., President, Board of Directors, The North Buffalo Organization said, “Sponsoring this project has afforded NBO its first opportunity to leverage its nonprofit status and advance a development project that will have significant economic and community impact.”
Developers John and Ruthann Daly said, “We are so proud to replace an old defunct brownfield site with this new vibrant mixed-use development. This building and it’s tenants will add to the excitement and vitality of Hertel, and all of Buffalo. We hope this is the catalyst for more investment in our community. We would especially like to thank the Governor’s office and the Better Buffalo Fund along with the North Buffalo Organization for stepping up in support of our development initiative.
Assembly Majority Leader Chrystal Peoples-Stokes said, “The Governor’s Buffalo Billion continues to help us transform and revitalize so many areas of the city that were either long forgotten or underdeveloped. Thanks to the Better Buffalo Fund and the North Buffalo Organization we’ll see this former vacant repair shop on Hertel Avenue transformed into a five- story building with apartment and retail space that will create jobs and a livable and affordable neighborhood. This $7 million project on Hertel Avenue is just another example of the reinvestment and revitalization underway that is critical in restoring one of our most important business districts to its’ former glory.”
Senator Chris Jacobs said, “This exciting new mixed use development will be a significant addition to the continuing resurgence of Hertel Avenue,” said State Senator Chris Jacobs. “I want to congratulate John Daly, the driving force behind this project, for having the vision and commitment to make this project a reality.”
Buffalo Mayor Byron W. Brown said, “Thank you to Governor Cuomo, Lt. Governor Kathy Hochul and Empire State Development for aiding this project with a $500,000 Better Buffalo Fund grant. Once again, those dollars are helping private investors to move forward on a project that is continuing the revitalization of a key Buffalo business district. The transformation of what was an idle gas station site by John and Ruthanne Daly continues their investment along Hertel Avenue with their largest project to date.”
County Executive Mark Poloncarz said, “The ongoing renaissance on Hertel Avenue will get a boost with the removal of an old gas station and its replacement with a mixed-use building in the heart of the business district, bringing new residents, business, and vitality to what is becoming one of Buffalo’s must-visit neighborhoods. The Better Buffalo Fund is a catalyst for change in our community and this project is a good example of what can happen, one building at a time.”
Buffalo Common Councilmember Joel Feroleto said, “Hertel Avenue is a regional destination and this new project, which replaces a vacant gas station, will add to the already vibrant area!”
Published at Sun, 05 May 2019 18:09:40 +0000