619 Exchange/PG Larkinville
Address
Additional
Approval Date : 05-28-2025
Total Cost : $30,209,411.00
Project Details
The Iroquois Lofts project is a historic adaptive reuse of the former Iroquois Door Company – a four-story structure, built in 1904 and designed by famed female architect, Louise Bethune. The project will have 64 high-quality apartments, including 10 (15%) units reserved at 80% AMI. The building has been vacant since 2020 and has been underutilized for nearly four decades. The project scope includes full interior and exterior rehabilitation, historic façade restoration, new mechanical and electrical systems. The site is enrolled in the NYS Brownfield Cleanup Program (BCP), is a designated historic landmark and has received NYS SHPO Part I and Part II approval. The project will receive Federal and State Historic Tax Credits.
|
Market Rate |
# of Units |
SF Range |
Rent Avg |
Tenant Utilities |
Rent + Utilities |
|
Other (Jr 1 bedroom) |
9 |
559-728 |
$ 1,625 |
$ 65 |
$ 1,690 |
|
1 bedroom |
34 |
692-1117 |
$ 1,900 |
$ 85 |
$ 1,985 |
|
2 bedroom |
11 |
1054-1907 |
$ 3,083 |
$ 115 |
$ 3,198 |
|
54 UNITS |
|||||
|
Affordable (80% AMI) |
# of Units |
SF Range |
Rent Avg |
Tenant Utilities |
Rent + Utilities |
|
Other (Jr 1 bedroom) |
5 |
559-728 |
$ 1,350 |
$ 65 |
$ 1,415 |
|
1 bedroom |
3 |
692-1117 |
$ 1,330 |
$ 85 |
$ 1,415 |
|
2 bedroom |
2 |
1054-1907 |
$ 1,500 |
$ 115 |
$ 1,615 |
10 UNITS
Project Files
Status Details
Project ECIDA History
- 3/24/2025 City of Buffalo determination of no significant adverse effect on the quality of the environment. SEQRA not required. Project is a Type II action pursuant to SEQRA consisting of the maintenance or repair involving no substantial changes in an existing structure or facility
- 4/23/2025 Public hearing held.
- 5/28/2025 Lease/Leaseback Inducement Resolution presented to the Board of Directors
