February 23rd, 2015
Article via Buffalo Rising
With the apartment market red hot, Ellicott Development Company is dusting off plans to put residential units in a four-story commercial building at 960 Busti Avenue. The company purchased the site in April 2008 along with a nearby property at 1050 Niagara Street from Ciminelli Development.
The circa-1930, 56,000 sq.ft. building is north of the Peace Bridge and overlooks the Niagara River. It was home to General Electric until about 1968 when Multiform Desiccants occupied the building until 1995. The building has been vacant for the past 20 years.
A reuse plan for the property prepared several years ago called for 23 residential units and commercial space. The new plan submitted to the City calls for 18 apartments on the third and fourth floors. The first two levels would include approximately 27,500 sq.ft. of commercial and retail space.
February 18th, 2015
Article via Business First
By Jim Fink
Ellicott Development Co. plans to invest nearly $20 million for projects in three different Buffalo neighborhoods.
During a two-day period, Feb. 24 and Feb. 25, representatives from Ellicott Development will be meeting, respectively, with the Buffalo Planning Board and Zoning Board of Appeals to go over proposals for the properties — one along Ohio Street, another in Waterfront Village and the third on Busti Avenue in the shadow of the Peace Bridge.
The reviews mark the first chance Buffalo officials have to look at the projects, all of which have been in the works for the past year.
During the Feb. 24 Buffalo Planning Board meeting, Ellicott Development representatives will discuss a proposal to construct nine new townhouses on Ojibawa Circle adjacent to the 11-story Pasquale condo tower the company developed nearly a decade ago.
“Townhouses were always part of the Pasquale plan,” said William Paladino, Ellicott Development chairman and CEO.
February 18th, 2015
Article via Buffalo Rising
Ellicott Development is seeking approvals for nine new townhouses at its Waterfront Place development. The new construction will be companions to the existing five townhouses in the project and will be one less than originally proposed for the site.
The new units will be smaller and have different yet similar elevations than the existing units constructed by Ellicott back in 2008-2009. Four units ranging from 2,325 sq.ft. to 2,782 sq.ft. were sold for between $459,000 and $559,000. A fifth unit at 13 Ojibwa, with 3,000 sq.ft. of living space and an asking price of $685,000, is apparently now under contract and is no longer on MLS.
Ellicott Development officials told the Waterfront Village Association that two of the townhouses will be under construction this spring and the remainder will be constructed as the market demands.
In the tower, 43 of the 49 units have closed with prices ranging from $344,000 to $1.322 million. The six remaining units are all on the building’s first four floors but only three remain on MLS. The three listed units are all on the first floor and are priced from $348,900 to $411,500.
January 27th, 2015
By Mike Desmond
The coming of spring is likely to bring more new housing to Buffalo’s Waterfront, with a continuing demand to live on waterways.
The Buffalo Urban Renewal Agency has awarded development rights for a site on Lakefront Boulevard to Ciminelli Real Estate.
For nearly 20-million dollars, Ciminelli is proposing 10 three-story townhouses and a four-story structure with 15-to-20-units. The plan also possibly includes an outdoor swimming pool. Executive Vice President Dennis Penman told the agency that work will probably start late this summer.
Ellicott Development C-E-O William Paladino says his firm has a couple of projects ready to go in the same area.
“We’ve got a couple of things going on down there. On Ojibwa Street, we’re looking at continuing our nine town homes and continuing the our original plan that we had submitted probably three or four years ago into the city to complete the town homes at the base of The Pasquale and Admiral’s Walk there. We’re going to start proceeding with that, hopefully in the next couple months. We’ll be in the Planning Board next month and then we’ll start designing and getting our building permits. We’d like to have those done by this fall.”
Paladino says Ellicott Development is still working through the process on The Carlo which would go up not far from the Ciminelli projects. That would be a 14-story, 75-million dollar mix of hotel, offices, apartments and retail.