IdeaCrossing
Benefits Calculator
GIS Site Selector

Featured News - Current News - Archived News - News Categories

National Grid Aids 3 'Main St.' Projects

by dhall
Tue, Jan 25th 2011 04:00 pm
Buffalo Business First  [ View Original Article ]

Three downtown Buffalo projects have qualified for economic development grants awarded by National Grid.

National Grid awards the grants based on the project’s overall development plan. In each instance, the projects are bringing buildings in Buffalo’s central business district back to life. The grants are awarded through National Grid’s Main Street Grant program.

The awards, which are being passed through the Buffalo Urban Development Corp. on behalf of the individual projects, are:

• A $50,000 allocation that will help the 4858 Group L.P., an affiliate of Ellicott Development Co., finance the renovations of the former Baker Shoes building on Main Street. The $5 million project will see the 4858 Group renovate the building into a mixed-used complex anchored by apartments on its upper floors. The Baker Shoes building has been vacant for more than 10 years.

• A $50,000 grant to the development team that has bought the Calumet Building on Chippewa Street. The $2.8 million project will see the law firm of Kenney Shelton Liptak & Nowak LLP take over the building’s upper floors while the first floor will be anchored by Bacchus restaurant and other restaurants or retailers.

Alliance Advisory Group Inc. also received a $50,000 Main Street Grant to help finance its move from Amherst to a building a 600 Delaware Avenue. Alliance is spending $2.75 million on its project.

Peter Cammarata, Buffalo Urban Development Corp. president, said more than 40 percent of National Grid’s Main Street Grants have helped finance local projects.

“They have a great track record in Western New York,” Cammarata said.

Related Articles

© 2012 - Erie County Industrial Development Agency - All Rights Reserved 

95 Perry Street, Suite 403, Buffalo, NY 14203 | Phone: 716-856-6525 | Fax: 716-856-6754