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Project Name

Houk Lofts, LLC/Signature Development


316/320 Grote Street
New York

Project Details

The intent of the project is to build a walkable, sustainable neighborhood within a two block area of 320 Grote Street.  The location is within walking distance of Buffalo State, Wegman's, Target, and the proposed Distillery Lofts, LLC project and is located on the Elmwood Bus line. 

Mr. Termini anticipates this project to be a catalyst for future development in this neglected neighborhood and  for turning this neighborhood into an "urban oasis".  Plans call for creating a historic urban neighborhood containing loft style apartments in mixed-use buildings.   The developer is planning to convert this former manufacturing plant into 20 1-bedroom and 3 2-bedroom apartments with rents ranging from 900 - $1,250.  The apartment units are anticipated to be occupied by young professionals as well as people associated with the medical campus.  It is anticipated that a high end hair salon and tattoo studio would occupy the commercial portion of the space.  In addition to renovating the complex, It is expected that the area between Grote and Hertel would take on an entirely different neighborhood feel which would include walkways, landscaped areas and bike paths.

This 100 year old 28,000 sq. ft. building formerly housed the Houk Wire Wheel Company which made wire wheels for the Pierce Arrow Plant and other auto manufacturers.  It has been vacant for 15 years.



Status Details

$6,720,000 - Lease/Leaseback Inducement Resolution Approved