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Project Name

5182 Group, LLC / The Graystone

Address

24 South Johnson Park
Buffalo
New York
14202

Project Details

Ellicott Development purchased the Graystone in late 2003 after sitting vacant since 1990's.  Plans to redevelop the property into a luxury apartment building were halted in late 2003 after a large section of the roof collapsed during interior demolition work.  For that reason along with a weak residential market in downtown Buffalo the redevelopment effort was on hold until now.  The current plans are for the redevelopment of the property into approx. 42 market-rate apartment units  in one-and two-bedroom configurations along with commercial space on the ground floor.

The building is over 100 years old and was constructed between 1894 and 1897 and is architecturally significant as one of the earliest examples of the use of reinforced concrete technology in the construction of large scale multi-story building in the United States.






 

Status Details

4/16/2012 - Lease/leaseback Inducment Resolution presented