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Project Name

791 Washington Street, LLC

Address

791 Washington Street
Buffalo
New York
14203

Project Details

Amended Project Description

 

The project has been modified to eliminate the Buffalo Culinary School component.   Additional apartment units will be constructed in its place.

 

The estimated sales tax benefit and employment has been reduced as follows:

 

Original estimate of sales tax savings: $3,059,875

Revised estimate of sales tax savings: $2,750,825

 

Original estimate of projected jobs: 130

Revised estimate of projected jobs: 30

 

(100 jobs were originally estimated to be associated with the Culinary School)

 

Prior Project Description

 

The project consists of  the renovation and redevelopment of the former Trico Building on Washington Street in the City of Buffalo.  The building has been vacant for over 10 years and has numerous structural and environmental challenges.  Should the current redevelopment not occur, the building likely would be demolished.

 

The plans call for select demolition and substantial renovation work which when complete will be a mixed use structure that will serve as the site for a new Buffalo Culinary School, an extended stay hotel to serve patients and visitors of the medical campus, market rate housing to meet the expanding demand for employees and students located on the medical campus and a limited retail component that will serve the campus and surrounding community.  In addition, the building will house commercial space and is being marketed to existing businesses looking to expand.  Sales tax benefits will be limited to only the core and shell component of the commercial space.  Parking space will need to be constructed and is expected to be within the building as the location currently lacks sufficient space for vehicles.

  

Status Details

 3/22/2017 - $80,535,000 Amendatory Inducement Resolution passed by ECIDA Board of Directors