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George Lewis House Apartments

Address

197 Summer Street
Buffalo
New York
14222

Additional

Project AKA : 197 Summer Street, LLC
Approval Date : 09-22-2021
Total Cost : $2,875,000.00

Project Details

Sinatra and Company Real Estate was founded in 2010 and has its HQ in Buffalo, NY. With approx. 5,800 apartments and nearly 1 Mil commercial sq ft owned and managed in WNY, Upstate NY, Dallas, South Bend and Chicago regions, Sinatra and Company are one of the largest private owner-operators of apartments and commercial properties in WNY. 197 Summer Group, LLC (the applicant) is a subsidiary of this group.  

 

The George Lewis House Apartments are an adaptive reuse of a Historic National Register listed building within the Elmwood Village. This structure is over 100 years old and has been vacant for 8 years. Previous uses of this building include its original use as a home for various doctors, a boarding house and most recently home to the American Cancer Society to house families close to patients receiving treatments in Buffalo.

 

Increased construction costs associated with historic preservation, remediation and window restoration coupled with higher than expected amounts of asbestos has created financial obstacles to this project moving forward. If pursued, the project will create 9 apartments: seven one-bedroom apartments (ranging from 647 – 1,000 sq ft @ $1,000 - $1,450/mo) and two two-bedroom apartments (ranging from 970 – 1,300 sq ft @ $1,200 - $2,250/mo). 10% (1) apartment will be offered at an affordable rate (80% AMI) and the remaining 8 apartments will be offered at market rate. There will be approx. 500 sq ft of light commercial space on the 1st floor and parking will be in the rear of the building. 

Status Details

  • No Public hearing is required due to benefit amount < $100,000.
  • Type II Action – No SEQRA compliance required.
  • 09/22/2021 - Lease/Leaseback Inducement Resolution presented to the Board of Directors